1603-1611 UNIVERSITY AVENUE West
About this home
Listing text, lightly recasedExceptional mixed-use investment opportunity in a high-demand rental corridor! Strong income potential with projected gross annual income of approximately $64,800 across 4 units. Situated on the corner of university ave. W. And mcewan ave. This mostly brick two-storey building with full basement is zoned cd2.2 and benefits from excellent visibility, newer road/sidewalk, strong rental demand, and convenient access to public transit. The main floor features two commercial units suited for professional office or retail use— one currently tenanted and the other owner occupied — second floor consists of two self-contained 2-bedroom residential units, both fully occupied below-market rents, presenting future upside potential. Property features include a large asphalt surface lot to accommodate 12 parking spaces, 4 electrical meters, newer energy-efficient furnace and central air for the main floor, hot water tank owned. This is an excellent opportunity to add a versatile income-producing property to your portfolio. Seller makes no representations or warrantees, the buyer is to complete their own due dilligence. (id:63107)
Show the original MLS® text
EXCEPTIONAL MIXED-USE INVESTMENT OPPORTUNITY IN A HIGH-DEMAND RENTAL CORRIDOR! STRONG INCOME POTENTIAL WITH PROJECTED GROSS ANNUAL INCOME OF APPROXIMATELY $64,800 ACROSS 4 UNITS. SITUATED ON THE CORNER OF UNIVERSITY AVE. W. AND MCEWAN AVE. THIS MOSTLY BRICK TWO-STOREY BUILDING WITH FULL BASEMENT IS ZONED CD2.2 AND BENEFITS FROM EXCELLENT VISIBILITY, NEWER ROAD/SIDEWALK, STRONG RENTAL DEMAND, AND CONVENIENT ACCESS TO PUBLIC TRANSIT. THE MAIN FLOOR FEATURES TWO COMMERCIAL UNITS SUITED FOR PROFESSIONAL OFFICE OR RETAIL USE— ONE CURRENTLY TENANTED AND THE OTHER OWNER OCCUPIED — SECOND FLOOR CONSISTS OF TWO SELF-CONTAINED 2-BEDROOM RESIDENTIAL UNITS, BOTH FULLY OCCUPIED BELOW-MARKET RENTS, PRESENTING FUTURE UPSIDE POTENTIAL. PROPERTY FEATURES INCLUDE A LARGE ASPHALT SURFACE LOT TO ACCOMMODATE 12 PARKING SPACES, 4 ELECTRICAL METERS, NEWER ENERGY-EFFICIENT FURNACE AND CENTRAL AIR FOR THE MAIN FLOOR, HOT WATER TANK OWNED. THIS IS AN EXCELLENT OPPORTUNITY TO ADD A VERSATILE INCOME-PRODUCING PROPERTY TO YOUR PORTFOLIO. SELLER MAKES NO REPRESENTATIONS OR WARRANTEES, THE BUYER IS TO COMPLETE THEIR OWN DUE DILLIGENCE. (id:63107)
How this compares
1,346 active in WindsorComparisons use current asking prices from the live MLS® feed — not sold prices, which this feed does not carry.
Similar homes, by asking price
The median asking price for 99 industrial listings in Windsor is $899,000. This home is 44% below that.
Closest in price
Based on current asking prices of comparable active listings, not sold prices — sale prices are not published in this data feed. For what a home is actually worth, ask Harjeet for a comparative market analysis.
Browse all Windsor listings →Monthly cost
$2,691/ month, before tax
This listing doesn't state its property tax, so it isn't in the figure above. Ask for it before you rely on this — it is usually a few thousand a year.
- Mortgage (principal + interest)
- $2,278
- Property tax
- —
- Home insurance
- $128
- Heat, hydro and water
- $285
$99,980 down
- Mortgage amount
- $399,920
Canadian semi-annual compounding. Property tax follows the MPAC assessed value, not the price, so it is left for you to enter. Insurance and utilities are estimates you can change. Estimate only — not a mortgage approval, quote, or offer of financing.
Getting around
- Healthcare
- 66th pct
- Schools (K-12)
- 75th pct
- Child care
- 84th pct
- Jobs
- 74th pct
Percentiles among Windsor-Essex dissemination blocks, walking mode. Measures how easily amenities can be reached — not their quality. Adapted from Statistics Canada, Spatial Access Measures, 2024. This does not constitute an endorsement by Statistics Canada of this product.