Turnkey 10-unit in a strong B-class rental corridor with a 6.7% cap rate and ~$11,000/month NOI. Eight units are already at or near market rent. Two vacant units offer immediate value-add: both have the square footage to add an extra bedroom, increasing rents by ~$300–$400/month per unit. Solid unit mix of 1-beds and 2-beds, spacious layouts, separate hydro, on-site laundry income, and low operational overhead. Windsor’s vacancy rate is under 3% with major growth drivers—new mega-hospital, Gordie Howe Bridge opening, and Stellantis expansion—all within minutes of this building. Ideal buy-and-hold asset with stable cash flow, upside potential, and strong tenant demand in a fast-developing region. Contact agent for full financials. (id:4555)
PROPERTY SPECS
Listing ID 25031036
Address 1400-1430 SENECA STREET
City Windsor, ON
Price $1,950,000
Construction Concrete, Other
Flooring Ceramic/Porcelain, Hardwood
Land Size 119x
Type Multi-Family
Status For sale
EXTENDED FEATURES
OwnershipFreeholdBuilding AmenitiesLaundry FacilityHeatingBaseboard heatersHeating FuelElectricDate Listed2025-12-05 01:00:55Days on Market13
