1250-1260 OUELLETTE AVENUE,Windsor - $5,500,000 - Directions

Introducing the Iconic Paramount Building at Giles and Ouellette in Windsor! Add 34 units to your real estate investment portfolio with a mix of 1 and 2 bedroom units and onsite laundry. Positioned on ½ an acre of valuable land, 1250-1260 Ouellette offers abundant parking with room for future expansion. Prime A+ location with a high walking score ensuring low vacancy and demand for rentals. Walking distance to parks, pharmacy, grocery, professional services, Tim Hortons and amenities. Situated on a bus route and steps from Windsor Regional Hospital. This impressive building is almost fully tenanted and professionally managed. Separately metered for hydro with an opportunity to improve current rents as tenants turn over. Updates include newer Roofs (2020, 2022), Boiler #1 (2015), Boiler #2 (Rebuilt in 2024), Common Areas, Laundry Machines, Unit Renovations. Income and Expenses available upon request. Current NOI 287K and 5%+Cap Rate with 8%+potential. LTA Applies. (id:4555)