1 of 43
1 of 43
Residential
Sold
$920,000
476 Giles Boulevard West
Giles (Windsor, Ontario, CA - N9A 6H6)
Estimated Mortgage$4,849/month
5Baths
An EXCELLENT fully occupied 8-unit property in a desirable central Windsor neighborhood with a mix of studio, 1, 2, and 3 bedroom units. Included 8 stoves, 8 fridges, furnaces, and hot water tanks (all OWNED - no rental equipment). Well-maintained, brick-to-roof, with a brand NEW ROOF (2021). This PROFITABLE property generates a rental income of $81,006 with minimal expenses of $15,998 (property tax, insurance, and shared utilities), producing a SOLID net income of $65,008 annually (more than 7% cap rate!), with a significant potential INCREASE based on market rents, and extra income opportunity from the detached garage or addition of coin-op laundry. Buyer is responsible for making their inquiries regarding permitted uses.
Information is deemed to be correct but not guaranteed.
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Keller WIlliams Lifestyles Realty Brokerage
Verge Real Estate Team