Rare Find: Turn-Key Cash Flow in Windsor! 2 Adjacent Properties, Residential/Commercial Split. 1657-59 & 1663 Drouillard Rd, Windsor
✅ Wholesale Price: $580K (Or Best Offer)
✅ Estimated As-Is Value: ~$710K
✅ Estimated After Repair Value: ~$875K+
✨Closing: August 11, 2022
This is an amazing opportunity to purchase 2 adjacent cash flowing properties off-market with no bidding wars in one of the top cash flowing markets in Ontario. Located in the historic ‘original downton core’ and rapidly gentrifying Ford City neighborhood, 1657-59 & 1663 Drouillard Rd offers 2 separate neighboring properties. The first is a mixed use Commercial/Residential building (2 commercial units, and a 4 bedroom residential unit). The second is a small detached 1 bedroom single family home. Remarkably these properties are being offered fully tenanted at near market rents. Tenants are paying the majority of utilities, which means this investment is already set up to cash flow. With little to no renovation required, this property is TURN-KEY, good to go! And this historic neighborhood holds great potential, as it is just beginning its gentrification. Check out the attached buyers package which has full financials, Contact Peter today at 647 955 0843 to place an offer or learn more about this opportunity.
1657-59 Drouillard Rd is a mixed-use Commercial/Residential building. The main floor commercial units are both tenanted with recession resistant businesses (Cafe/Bakery and Hair Salon). Combined rents are $2000/mo and both tenants pay their own utilities. Behind the commercial units is a 4 bedroom residential unit, currently the bedrooms are all rented individually for a combined $2200/mo (all-inclusive). This building is in great shape, with only minor required repairs being noticed on our initial walkthrough (AC unit is dripping on a door frame, dated windows). 1663 Drouillard is a 700 sqft, 1 bed 1 bath detached single family home currently rented at $1000/mo plus utilities. It also is in good shape with a dripping faucet and minor eaves repair being the only issues noticed.
🏷1623-25 Drouillard Rd – $557,500 (Sold June 2022)
🏷1802-1804 Drouillard Rd – $699,900 (Sold March 2022)
✨For full information, videos, and photos check out the link below: