406 Glengarry Avenue, Windsor, ON N9A 1P9

$499,000
4
BD
4
BA
1,100
SqFt

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List Price
$499,000
Price Change
▼ $86,000 1782331712
MLS#
X13065610
Status
ACTIVE
Type
Multifamily
SubType
Duplex
Style
2-Storey
Bedrooms
4
Bathrooms
4
Living Area
1100-1500
Province
ON
Municipality
Windsor
Area
Essex
Subdivision
Glengarry And Assumption

Property Description

Turn-Key Front/Back Duplex Downtown. Exceptional investment opportunity on a corner lot!! This well-maintained front-back duplex offers two spacious units, each featuring two bedrooms across two levels, providing comfortable and functional living spaces for tenants or owner-occupants alike. Both units come with full, owned appliances (nothing rented), and the property benefits from a recently updated roof, offering peace of mind and reduced maintenance costs for years to come. Each tenant is responsible for all their own utilities, keeping operating expenses low and predictable. The rear unit is currently rented at $1,700/month (FMV), while the front unit is rented at $1,000/month with pro-forma market rents estimated at $1,600/month. For buyers looking to owner-occupy, it is possible to pursue vacant possession for personal use with N12 (buyer to verify requirements directly), live in the front unit, and enjoy strong market rents from the rear. Listed at an attractive 5.8% CAP rate, this property stands out as one of the best value opportunities in the area-ideal for investors, partial owner-occupiers, and anyone seeking solid cashflow in an income-generating duplex. Don't miss your chance to secure a strong cash-flowing property in a prime Windsor location!

Additional Information

Taxes
$1,215
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Family Room
Yes
Kitchens
2
Exterior
Vinyl Siding
Garage Type
None
Pool
None
Parking Spaces
1

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Calculator source: Real Geeks

Listing courtesy of ROBIN HOOD REALTY LIMITED.