$2,300,000

531 Mill Street, Windsor , ON


Welcome to 531 mill street. This three-storey, 12-unit brick apartment building sits in one of windsor's ·most reliable rental corridors near the university of windsor. The well-maintained property features eight 2-bedroom units, two 3-bedroom units, one 1-bedroom unit, and one bachelor suite. Currently 11 of 12 units are tenanted, with one vacant bachelor ready to lease-allowing the new owner to set market rent while stepping into a near-stabilized income property. On-site parking offers added convenience for tenants, and the building is serviced by a functional boiler heating system. Twelve new individual hydro meters· provide separate metering for each unit, reducing landlord utility costs and increasing tenant accountability. An assumable 4. 25% fixed mortgage with approximately 9. 5 years remaining offers a strong financial advantage in today's rate environment. Cmhc-insured, this property provides immediate cash flow and long-term investment potential. Two new rented laundry machines will be installed in the common area with digital payment access for tenants, creating an additional income stream. Contact us today! (id:4555)

Property Specs
Listing ID26007392
Address531 MILL STREET
CityWindsor, ON
Price$2,300,000
ConstructionBrick
FlooringCushion/Lino/Vinyl, Hardwood, Laminate, …
Land Size90 FT FRONTAGE X N/A / 0.291 AC
TypeMulti-Family
StatusFor sale


Extended Features
Equipment Water HeaterOwnership FreeholdRental Equipment Water HeaterFoundation ConcreteHeating Boiler, Radiant heatHeating Fuel Natural gas Date Listed 2026-04-08 18:01:11Days on Market 7

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LISTING OFFICE:
Manor Realty Ltd. Brokerage, Suhail Mohamed
Mike Mykal
Listing Realtor ©

Mike Mykal

Sales Representative
519 972 3888
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