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816 Erie St E 7,600 SF 100% Leased Retail Building Windsor, ON N9A 3Y4 $1,503,668 USD ($197.85 USD/SF) 5.01% Cap Rate
EXECUTIVE SUMMARY
Welcome to this exceptional commercial property located in the heart of Windsor’s historic Walkerville & Via Italia district on Erie Street East. This fantastic opportunity offers two spacious and nicely upgraded commercial units, currently combined into one, and three residential apartments.
There are two main floor apartments: one is a two-bedroom unit, and the other is a one-bedroom unit. An elevator leads to a large and nicely upgraded owner-occupied apartment, which features a massive rooftop patio – a true private oasis for relaxation and entertainment. Additionally, there is a separate area in the owner’s section that could easily be used as an Airbnb rental for additional income, if desired.
The owner is willing to do a Vendor Take-Back (VTB) Mortgage at an attractive interest rate, making financing this property nice and simple. This property is ideal for a user or for the investor looking to add another great property to their investment portfolio.
Contact me today for more details of to schedule a tour.
There are two main floor apartments: one is a two-bedroom unit, and the other is a one-bedroom unit. An elevator leads to a large and nicely upgraded owner-occupied apartment, which features a massive rooftop patio – a true private oasis for relaxation and entertainment. Additionally, there is a separate area in the owner’s section that could easily be used as an Airbnb rental for additional income, if desired.
The owner is willing to do a Vendor Take-Back (VTB) Mortgage at an attractive interest rate, making financing this property nice and simple. This property is ideal for a user or for the investor looking to add another great property to their investment portfolio.
Contact me today for more details of to schedule a tour.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,600 SF
Building Class
B
Year Built
1920
Price
$1,503,668 USD
Price Per SF
$197.85 USD
Cap Rate
5.01%
NOI
$75,334 USD
Percent Leased
100%
Building Height
2 Stories
Zoning
CD2.2
Frontage
60’ on Erie Street
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
1 of 29
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816 Erie St E
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