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For Sale - 581 CATARAQUI Street, Windsor, Ontario

Est payment $16,623/mo
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Time on Jump  31 day

AI Summary *

  • Fully rented with 18 updated units, ideal for steady cash flow.
  • Mix of 15 one-bedroom and 3 two-bedroom units for diverse renters.
  • Prime location, close to major amenities and attractions.
  • $50,000 in recent renovations enhance property appeal and value.
  • Strong 6% cap rate signals profitable investment potential.




Fully rented, heavily renovated 18-unit gem in central windsor. This well maintained multi-family property features 15 one-bedroom units and 3 two-bedroom units. Offering a mix of desirable layouts for tenants. Situated in a prime location. It's within walking distance of all major amenities, including caesars casino, downtown windsor, and little italy. Highlights: $50,000 in recent renovations assumptions for vacancy, maintenance and management at 5% of gross income, which is conservative based on actuals. Strong 6% cap rate. Solid cash flow figures available upon request. Don't miss out on this turn-key investment opportunity in a highly desirable location!!
Listing ID25002438
Address581 CATARAQUI Street
CityWindsor, Ontario
Price$3,250,000
ConstructionBrick
FlooringCarpeted, Hardwood or Engineered Hrwd, M…
Land Size51.96' X 81.08'
TypeMulti-Family
StatusFor Sale

Subtype Over 12 UnitsAcreage 0.099Ownership FreeholdBuilding Amenities Fence, Laundry Facility, Public Transportation NearbyFoundation BlockHeating / Cooling Baseboard Heaters, Boiler, Steam RadiatorHeating Fuel Natural GasHot Water Tank GasUtility Water Municipal WaterSewer Sanitary

Date Listed Feb 7, 2025Days on Market 34
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Pauline McFarquhar

Pauline McFarquhar

Realtor®

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Listing Agency:  ROYAL LEPAGE BINDER REAL ESTATE - 640
Co-Listing Agency:  ROYAL LEPAGE BINDER REAL ESTATE - 640
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581 Cataraqui Street
Windsor , Ontario
$3,250,000
Get more info