124-130 Elm Avenue

Introducing an exceptional opportunity to acquire a Multi-Family Home for sale in Windsor , located at 124-130 Elm Avenue, Windsor. This impressive multiplex building, boasting a two-storey design, offers an incredible value-add potential for astute investors. With a total of six units, including four one-bedroom units and two two-bedroom units, this property is strategically situated just a stone's throw from Windsor's picturesque waterfront. Additionally, it is conveniently located within minutes of the University of Windsor and St. Clair College's downtown campus, making it an attractive option for both students and professionals alike.

As you explore this Multi-Family Home for sale in Windsor, you will discover that three of the units are currently vacant. This presents a unique opportunity for investors to renovate and update these spaces, allowing for the potential to achieve market rents and realise immediate financial upside. The building is well-equipped with fully separated utilities, featuring six gas meters, six hydro meters, and individually owned hot water tanks, ensuring that each unit operates independently. Notably, one unit is equipped with its own furnace, while the remaining five units are heated using gas wall heaters, providing efficient heating solutions for residents.

The address, 124-130 Elm Avenue, Windsor, is situated on a generous lot measuring 59 by 106 feet. The exterior of the building is clad in a combination of aluminium and vinyl siding, offering a modern and low-maintenance façade. While there is no garage space available, the property includes a private driveway with parking space for up to eight vehicles, which is a significant advantage in this bustling area.

Inside, the Multi-Family Home for sale in Windsor features a total of 14 rooms, including six kitchens and six bathrooms, catering to the needs of each unit. However, it is important to note that there is no den or additional rooms, which may appeal to investors looking for straightforward, functional layouts. The building is unfurnished, allowing new owners to personalise the spaces according to their vision and the preferences of future tenants.

For climate control, the property is fitted with central air conditioning, ensuring comfort for residents during the warmer months. However, it is worth mentioning that there is no family room or fireplace, which may be a consideration for those looking for additional communal living spaces. The heating system is based on forced air, providing an effective solution for maintaining a pleasant indoor environment.

The location of 124-130 Elm Avenue, Windsor, is truly prime, with easy access to a variety of amenities. Residents will enjoy proximity to an array of restaurants, shopping venues, schools, and parks, as well as scenic walking trails. Furthermore, the property offers convenient access to the U.S. tunnel and bridge, making it an ideal location for those who commute across the border.

In summary, this Multi-Family Home for sale in Windsor represents a remarkable investment opportunity. With its vacant units ready for renovation, separated utilities, and prime location, it is perfectly positioned for investors seeking to reposition the property and maximise returns. The combination of eight bedrooms and six bathrooms across six units makes it a versatile option for a range of tenants. Don’t miss out on the chance to explore this incredible property at 124-130 Elm Avenue, Windsor. Contact us today for more information and to arrange a private showing. This Multi-Family Home for sale in Windsor is waiting for you to unlock its full potential!

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs. The closest elementary school is Dougall Public School, situated just 1.4 km away, offering grades JK to 8 with an English curriculum, although it has a lower school rating of 1.3. Another nearby option is the Immaculate Conception Catholic Elementary School, also within 1.1 km, providing a Catholic education for the same grade levels, but it currently holds a rating of 0. For families interested in French immersion, Giles Campus French Immersion Public School is available 2.8 km from the property, boasting a higher rating of 7.1. On the secondary level, Westview Freedom Academy is located 2.6 km away, serving grades 9 to 12 with a rating of 0. Additionally, Assumption College Catholic High School is 2.4 km from the property, offering a Catholic education for older students, but it also has a rating of 0. Overall, while there are various schooling options nearby, the ratings suggest a mix of quality, particularly for elementary education, with a standout in French immersion.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 536 residents, with an average household size of 2 individuals. The demographic profile reveals an average age of 43.7 years and a median household income of $74,000, indicating a relatively stable economic environment. However, 19.2% of the population is classified as low-income. The real estate market shows an average property price of $440,000, with 54% of residents being renters and 30% living in condominiums. A significant portion of the population, 57.58%, is single, while households with children make up 22.22% of the community. The area is also characterized by a diverse demographic, with 32.99% of residents being immigrants. Educational attainment is high, with 57.95% of the population holding a college or university degree. However, a notable 46.59% of residents are not in the labor force, which may reflect various socio-economic factors. Overall, this community presents a mix of demographic characteristics that could appeal to potential buyers or investors looking for a vibrant, diverse neighborhood with a range of housing options.