1018 Drouillard Rd - Industrial FOR SALE


Windsor, ON N8Y 2P8
$549,999 CAD
226-773-4028

NO PHOTO

$549,999 CAD
Industrial - FOR SALE
null | Request Cap Rate

1018 Drouillard Rd
Windsor, ON N8Y 2P8


HIGHLIGHTS

  • Prime use mixed property
  • Retail tenant at the front providing cash flow
  • Residential in the back

OVERVIEW

RIME MIXED-USE PROPERTY ON A BUSTLING MAIN THOROUGHFARE IN THE RAPIDLY GROWING AREA OF FORD CITY. THIS INVESTMENT FEATURES A RETAIL SPACE AT THE FRONT, CURRENTLY LEASED TO A RELIABLE TENANT, PROVIDING IMMEDIATE CASH FLOW. THE REAR RESIDENTIAL UNIT IS A BLANK CANVAS READY FOR RENOVATION (INCLUDES SPACE IN BACK FOR PARKING). TWO OPTIONS: 1) BUY, RENOVATE, AND BENEFIT FROM THE AREA'S INCREASING VALUE AND RENTAL DEMAND. 2) LIVE IN THE RESIDENTIAL UNIT AND OFFSET EXPENSES WITH RENTAL INCOME FROM THE COMMERCIAL SPACE. DROUILLARD RD. IS THRIVING WITH NEW BUSINESSES AND RESIDENTIAL GROWTH, PROMISING A VIBRANT COMMUNITY AND RISING PROPERTY VALUES. COMMERCIAL UNIT AVAILABLE FOR SHOWINGS DURING OPERATIONAL HOURS. 5-YEAR LEASE STARTING JUNE 2024 AT $1,800/MONTH + HST, WITH $100 ANNUAL INCREASES. SOLD AS-IS. NO WARRANTIES OR REPRESENTATIONS FROM VENDOR OR LISTING SERVICE.

FOR SALE DETAILS

PRICE

$549,999 CAD

PRICE/SF

$220 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1

LAND SF

4,281

ZONING

CD2.2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Reed RenaudManor Windsor Realty Ltd.More Info
226-773-4028

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Reed RenaudManor Windsor Realty Ltd.More Info
226-773-4028

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.