1324 Copperfield Place, Out Of Area, ON N8S 4G9
- $320,000
- 3
- BD
- 3
- BA
- 700
- SqFt
- List Price
- $320,000
- MLS#
- X13544742
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Detached
- Style
- 2-Storey
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 700-1100
- Province
- ON
- Municipality
- Out Of Area
- Area
- Canada
- Subdivision
- Lauzon Pkwy & Mchugh St.
Property Description
1324 Copperfield Place, Windsor is an investment property within a portfolio. A single detached home offered at a 5.96% in-place cap rate on current rents. This fully-tenanted property generates $23,400 in gross annual rent and $19,060 NOI/Profit. The home is currently rented as a single unit under a lease structured so the tenant pays all utilities and is responsible for repairs, leaving the landlord to cover only property tax, insurance, and hot water tank rental - keeping operating costs unusually low. Basement layout and separate-entrance potential offer a clear path to reconfigure the home into a multi-door rental, letting a new owner add doors, increase gross rent, and grow NOI from a single-unit base. As the most affordable entry point in the portfolio, in an improving Windsor market, it also provides geographic diversification alongside room for appreciation and a low-cost way to test a conversion strategy.
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Additional Information
- Taxes
- $1,760
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 1
- Exterior
- Brick
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 2
Mortgage Calculator
Listing courtesy of EXP REALTY.