5188 Wyandotte

Introducing a remarkable opportunity to acquire a house for sale in Windsor , located at 5188 Wyandotte, Windsor. This detached two-storey residence, built in 1952, is situated in the desirable East Windsor community, offering a unique blend of potential for both families and investors alike. With a generous lot size of 53 X 110 feet, this property boasts an impressive 18 rooms, making it an ideal choice for multi-generational living or as a lucrative investment.

As you approach the house at 5188 Wyandotte, Windsor, you will immediately notice its attractive exterior, constructed from a combination of aluminium, vinyl, and brick. While the house does not feature a garage, it compensates with a concrete driveway that accommodates double-width parking, ensuring ample space for vehicles. Although there is no air conditioning or central vacuum system, the home is heated by a reliable forced air furnace, providing warmth during the colder months.

The layout of this house for sale in Windsor is particularly advantageous. The main unit spans three levels, encompassing the main floor, upper floor, and a spacious portion of the finished basement. Currently, the basement is being utilised as a salon, presenting an excellent market rent potential of £2,500 per month. The versatility of this space allows for various uses, making it a valuable asset to the property.

In addition to the main unit, the house features two self-contained rental units. The back one-bedroom unit is currently rented at £1,050 per month, with market rates suggesting a potential increase to approximately £1,200. Furthermore, the separate lower two-bedroom unit is rented at £1,250 per month, with a market potential of around £1,600. This diverse rental income stream generates a total of £2,300 per month, equating to an annual income of £27,600. With projected market rents supporting a potential £5,300 per month, the estimated cap rate at the list price is an attractive 6–6.5%.

The house for sale in Windsor is not only about income potential; it is also located in a family-friendly neighbourhood with close proximity to essential amenities. Residents will appreciate the nearby parks, schools, and convenient access to public transit, making it an ideal location for families. Additionally, the vibrant shopping options and the picturesque riverfront are just a stone's throw away, enhancing the appeal of this property.

The interior of the house at 5188 Wyandotte, Windsor, features four bedrooms and two dens, providing ample space for a growing family or accommodating guests. The three bathrooms ensure convenience for all residents and visitors alike. While the property does not include a dedicated family room or kitchen, the potential for customisation and renovation is vast, allowing new owners to create their dream living space.

In summary, this house for sale in Windsor at 5188 Wyandotte, Windsor, presents a rare opportunity for both homebuyers and investors. With its three self-contained units, significant rental income potential, and prime location in East Windsor, this property is a must-see. Whether you choose to live in one unit and rent out the others to offset your mortgage or invest in a property with promising returns, this house is poised to meet your needs. Don’t miss your chance to explore this exceptional offering—contact the listing agent today to arrange a private tour and discover the possibilities that await you at 5188 Wyandotte, Windsor.

East Windsor is a vibrant and diverse neighbourhood located within the city of Windsor, Ontario. Nestled along the banks of the Detroit River, this area boasts a mix of residential, commercial, and recreational spaces, making it an appealing choice for potential residents. The community features well-maintained parks, scenic waterfront trails, and convenient access to amenities such as shopping centres and schools. With its close-knit atmosphere and a variety of cultural influences, East Windsor offers a welcoming environment for families and individuals alike, all while being just a short distance from the bustling downtown area and the rich history of Windsor.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 0.7 km, you will find Princess Elizabeth Public School, an elementary school offering grades JK to 8, rated 4.2 by the Greater Essex County District School Board. For secondary education, W. F. Herman Academy is located 2.1 km away, providing grades 9 to 12, also rated 4.2. Additionally, W. F. Herman Academy offers an elementary program in French, with a commendable rating of 7.1, just a short distance from the property. For those seeking Catholic education, St. Rose Catholic Elementary School is 1.7 km away, while F. J. Brennan Catholic High School is only 0.3 km from the property, though both have a rating of 0. Lastly, St. Anne French Immersion Catholic Elementary School is located 2.8 km away. Overall, the area boasts a mix of public and Catholic schools, providing a variety of educational options for children of all ages, ensuring a supportive environment for their academic growth.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,292 residents, with an average household size of 1.6 individuals. The demographic profile indicates a mature community, with an average age of 66.8 years. The average household income stands at $95,400, although 15.6% of the population is classified as low-income. The real estate market reflects an average property price of $452,000, with a significant portion of the population being single at 55.47%. Families with children are relatively few, comprising only 11.29% of households. The community is diverse, with 31.94% of residents being immigrants. Renting is common, with 38.97% of the population living in rental properties, while condominiums dominate the housing landscape, accounting for 70.59% of the homes. Educational attainment is notable, as 54.73% of residents have a college or university education. However, a significant portion of the population, 67.16%, is not actively participating in the labor force, suggesting a potential demographic trend towards retirement or early retirement in this area. Overall, the neighborhood presents a unique blend of mature residents, diverse backgrounds, and a predominance of condominium living.