507-19 Ouellette Avenue
Windsor, Ontario N9A 4J3

$799,000

Description

One of a few true Art Deco commercial buildings in Windsor with investment income. Known as the Pascoe Building designed by Pennington and Boyde Architects and built in 1931. The two stories solid stone and brick construction offers great visibility for the tenants on the corner of Maiden Lane and Ouellette Ave. Public parking is a short walk and there are summer festivals and Farmers Market on the next street over. The 4 units have been fully occupied for the last 5 years and all 4 tenants have current extended leases with built in escalation clauses, (See Documents Button for Financials). With gross income of over $110,000.00 yearly this investment throws off a Cap rate of 9%. Tenants pay all their own utilities expenses and building maintenance. Landlord only pays property taxes @$26,449 and insurance @$7,100.00. Come and watch your savings grow at $77,000.00 yearly. (id:26972)

Features

  • 9500

Property Details

MLS® Number 20006431
Features Corner Site, Visual Exposure
Property Type Industrial

Building

Constructed Date 1931
Fireplace Present No
Flooring Type Hardwood
Size Interior 9500
Total Finished Area 9500 Sqft

Land

Acreage No
Size Irregular 63x75
Size Total Text 63x75
Zoning Description Cd3.1

https://www.realtor.ca/real-estate/21935485/507-19-ouellette-avenue-windsor

Sean and Sharon Contact us for more info
+1 (519) 551-1121
SHARON
+1 (519) 564-2235
SEAN
Generating Captcha

Your Favourites

 

No Favourites Found