531 MILL STREET
About this home
Welcome to 531 Mill street. This Three-storey, 12-unit brick apartment building is located in one of Windsor's most reliable rental corridors near the University of Windsor. This solid, well-maintained property offers eight 2-bedroom units, two 3-bedroom units, one 1-bedroom unit, and one bachelor suite. The building is 11 of 12 units tenanted, with one vacant bachelor suite ready to lease, allowing the new owner to set their own market rent while stepping into a near-stabilized income property. On-site parking adds valuable convenience for tenants. The building is serviced by a functional boiler heating system. Twelve new individual hydro meters provide separate metering for each unit, reducing landlord utility costs and increasing tenant accountability. Assumable 4.25% fixed mortgage with ~9.5 years left-offering strong financial advantage in today's rates. CMHC-insured, this property provides immediate cash flow and long-term investment potential. Contact us today! (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 95 multi-family listings in Windsor is $574,900. This home is 274% above 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
$10,418/ 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)
- $9,799
- Property tax
- —
- Home insurance
- $334
- Heat, hydro and water
- $285
$430,000 down
- Mortgage amount
- $1,720,000
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
- 86th pct
- Schools (K-12)
- 93rd pct
- Child care
- 64th pct
- Jobs
- 78th 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.