PRIME MIXED-USE PROPERTY ON A BUSTLING MAIN THOROUGHFARE IN THE RAPIDLY GROWING AREA OF FORD CITY. THIS INVESTMENT FEATURES A RETAIL SPACE AT THE FRONT, CURRENTLY LEASED TO A RELIABLE TENANT, PROVIDING IMMEDIATE CASH FLOW. THE REAR RESIDENTIAL UNIT IS A BLANK CANVAS READY FOR RENOVATION (INCLUDES SPACE IN BACK FOR PARKING). TWO OPTIONS: 1) BUY, RENOVATE, AND BENEFIT FROM THE AREA'S INCREASING VALUE AND RENTAL DEMAND. 2) LIVE IN THE RESIDENTIAL UNIT AND OFFSET EXPENSES WITH RENTAL INCOME FROM THE COMMERCIAL SPACE. DROUILLARD RD. IS THRIVING WITH NEW BUSINESSES AND RESIDENTIAL GROWTH, PROMISING A VIBRANT COMMUNITY AND RISING PROPERTY VALUES. COMMERCIAL UNIT AVAILABLE FOR SHOWINGS DURING OPERATIONAL HOURS. 5-YEAR LEASE STARTING JUNE 2024 AT $1,800/MONTH + HST, WITH $100 ANNUAL INCREASES. SOLD AS-IS. NO WARRANTIES OR REPRESENTATIONS FROM VENDOR OR LISTING SERVICE.
PROPERTY SPECS
Price $549,999
City Windsor, Ontario
Bed / Bath 4 / 3 Full
Address 1018 DROUILLARD
Listing ID 24019366
Style 1 1/2 Storey, 1 3/4 Storey, 2 Storey
Construction Aluminum/Vinyl
Roof Asphalt Shingle
Flooring Hardwood or Engineered Hrwd
Type Residential
Status For Sale
EXTENDED FEATURES
Attachment StyleSemi-DetachedSubtype1 1/2 Storey, 1 3/4 Storey, 2 StoreyDrivewayOther, See Remarks, Rear DriveParkingNoneAmenitiesFenced Yard, Other, See Remarks, Playground Nearby, Shopping NearbyOwnershipFreeholdRental EquipmentNoneBasementNoneFoundationBlockHeating / CoolingForced AirHeating FuelOther, See RemarksHot Water TankN/AUtility WaterMunicipal WaterSewerSanitaryDate ListedAug 22, 2024Days on Market125