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
Address 1018 DROUILLARD
Listing ID 24019399
Construction Aluminum/Vinyl, Brick
Roof Asphalt Shingle
Flooring Hardwood or Engineered Hrwd
Land Size 30 FT. X 100 FT.
Type Multi-Family
Status For Sale
EXTENDED FEATURES
SubtypeDuplexOwnershipFreeholdBuilding AmenitiesFence, Other, See Remarks, Public Transportation Nearby, Shopping Area, Storage, Store FrontFoundationBlock, UnknownHeating / CoolingForced AirHeating FuelOther, See RemarksHot Water TankGas, N/AUtility WaterMunicipal WaterSewerSanitaryDate ListedAug 22, 2024Days on Market125ParkingOther, See Remarks