1250 Ouellette Av
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1250 Ouellette Av
34 Unit Apartment Building $5,500,000 CAD ($161,765 CAD/Unit) 5.24% Cap Rate Windsor, ON N8X 1J5
Investment Highlights
- Access to public transit
- Proximity to many amenities
- Surface parking
Executive Summary
Introducing the Iconic Paramount Building at Giles & Ouellette in Windsor! Add 34 units to your real estate investment portfolio with a mix of 1 & 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 providing low vacancy & demand for rentals. Walking distance to parks, pharmacy, grocery, Tim Hortons, amenities and services. 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 2024), Common Areas, Laundry Machines & Unit Renovations. Income & Expenses available upon request. CURRENT NOI 271K!
Property Facts
| Price | $5,500,000 CAD | Apartment Style | Mid Rise |
| Price Per Unit | $161,765 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 5.24% | Building Size | 10,000 SF |
| No. Units | 34 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 3.4/1,000 SF |
| Price | $5,500,000 CAD |
| Price Per Unit | $161,765 CAD |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.49 AC |
| Building Size | 10,000 SF |
| No. Stories | 4 |
| Year Built | 1925 |
| Parking Ratio | 3.4/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
Walk Score ®
Very Walkable (84)
zoning
| Zoning Code | CD3.5 |
| CD3.5 |
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1250 Ouellette Av
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