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. (id:4555)
PROPERTY SPECS
Listing ID 24019366
Address 1018 DROUILLARD
City Windsor, ON
Price $549,999
Bed / Bath 4 / 3 Full
Construction Aluminum/Vinyl
Flooring Hardwood
Land Size 30X100 FT.
Type House
Status For sale
EXTENDED FEATURES
FeaturesRear DrivewayOwnershipFreeholdFoundationBlockHeatingForced airHeating FuelSee RemarksDate Listed2024-08-22 18:01:22Days on Market83