511 Devonshire Rd - Apartments FOR SALE


Windsor, ON N8Y 2L6
$1,750,000 CAD
416-236-1871

NO PHOTO

$1,750,000 CAD
Apartments - FOR SALE
null | 11% Cap Rate

511 Devonshire Rd
Windsor, ON N8Y 2L6


HIGHLIGHTS

  • Easily accessible
  • Great location

OVERVIEW

As an owner operator, in partnership with the City of Windsor, you will provide supportive housing services to individuals who are at risk of being homeless. This recession proof business/operation provides subsidized financial support via a license with the City of Windsor as well as private supportive housing services to individual tenants. Licensed for 32 beds (17 subsidized with the City of Windsor plus 15 private beds) this facility/operation has an over 95% occupancy rate and strong financials. With approximately 4656 sq ft of well-maintained interior and exterior features this property boasts the following: 11925 sq ft lot (119x110), newer windows (main and 2nd floor), updated roof (5 yrs), sprinkler system, 6 washrooms, forced air heating and cooling, 200 amp service panel and 10 bedrooms (shared). Conveniently located in Windsor's historic Walkerville neighborhood, this property offers seamless access to public transit right at your doorstep and is well-connected to major roads.

FOR SALE DETAILS

PRICE

$1,750,000 CAD

PRICE/SF

$182 CAD /SF

# OF UNITS

10

PRICE/UNIT

$175,000

CAP RATE

11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,089 SF

ZONING

CD 1.3

APN/PARCEL ID

373902001003400

ASK ABOUT THIS PROPERTY

Ian WilsonRoyal LePage Real Estate Services LtdMore Info
416-236-1871

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

Ian WilsonRoyal LePage Real Estate Services LtdMore Info
416-236-1871

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