406 Glengarry Avenue, Windsor, ON N9A 1P9 (Glengarry and Assumption)

Price : $499,000.00 , MLS®# : X13065610

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!

Location Description

Glengarry and Assumption

Property Details
  • Community:
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 4
  • Bath: 4
  • Garages: None
  • Annual Property Taxes : $ 1215
Building Features
  • Foundation Type: Concrete Block
  • Counstruction Material : Vinyl Siding
  • Total Parking Space : 1
  • Parking Type : None
Building Features
  • Heating : Forced AirGas
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 25 sq.ft
  • Land Depth: 80.42sq.ft

Listing Contracted With: ROBIN HOOD REALTY LIMITED