New Home Sales Specialist and Resale Home Advisor with Royal LePage Atlantic
- Status:
- Sold
- Sold Date:
- Oct 01, 2024
- Listed Price:
- $1,250,000
- Sold Price:
- $975,000
- Sold in:
- 90 days
- Prop. Type:
- Commercial
- MLS® Num:
- 202415648
Attention Investors! An incredible income opportunity awaits with this commercial property located in the downtown of Windsor. This historical building offers 20 residential units and 4 commercial spaces. With a current cap rate of 8% based on the asking price, this property promises substantial returns. Plus, there's an exciting potential to boost the cap rate to 13.9% with just a 5% increase. Situated in the bustling downtown core, this property provides high visibility and foot traffic, ideal for both businesses and residents. While the building requires some work, this unique property promises tons of potential. This rare opportunity won’t last long, schedule a viewing today!
- Listing Sub-Area:
- Hants County
- Property Type:
- Commercial
- Commercial Type:
- Other
- Major Bus Type:
- Other, Residential Units
- Title To Land:
- Freehold
- Main Living Area:
- 28,620 sq. ft.
- Floor Area:
- 28,620 sq. ft.
- Prop Size:
- Under 0.5 Acres
- Lot Size:
- 7,349 sq. ft.
- Zoning:
- W-TC
- Construction:
- Concrete, Stone
- Parking:
- Yes
- Driveway:
- Parking Spaces(s), Paved, Shared
- Parking Description:
- Parking spots
- # Floors:
- 3
- Floor Finish:
- Other
- Roof:
- Rolled
- Heating:
- Furnace, Hot Water, Radiant
- Fuel:
- Oil
- Fire Protection:
- Hydrant, Smoke Detector
- Water Supply:
- Municipal
- Utilities:
- Cable, Electrical, Municipal Water, Sewer, Telephone
- Highway Access, Shopping Nearby, Visual Exposure, High Traffic Location, Public Parking
- Laundry Facilities, Window Display
- None
- No
- Rental Income:
- Yes
- Net Income:
- $100,190.15
- Gross Revenue:
- $194,664.00
- Total Expenses:
- $94,473.85
- Property Taxes Payer:
- Owner
- Heating Payer:
- Owner
- Hydro Payer:
- Owner
- Water Payer:
- Owner
- Insurance Payer:
- Owner
- Structural Maintenance Payer:
- Owner
- Exterior Maintenance Payer:
- Owner
- Interior Maintenance Payer:
- Owner
- Lease 1 - Net Rental Area:
- 20 units
- Lease 1 - Expiration Date:
- TBA
- Lease 1 - Occupant:
- TBA
- Lease 1 - Rental Rate:
- See revenue
- Lease 2 - Net Rental Area:
- 4 units
- Lease 2 - Expiration Date:
- TBA
- Lease 2 - Occupant:
- TBA
- Lease 2 - Rental Rate:
- See revenue
- Possession Info:
- Negotiable
- Listed Date:
- Jul 03, 2024
- Days on Mkt:
- 90
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Listed by Royal LePage Atlantic - Valley(Windsor) and Royal LePage Atlantic (Dartmouth)
Data was last updated August 8, 2025 at 07:20 AM (UTC)
- SCOTT ROBINSON
- Royal LePage Atlantic
- 902.830.1212
- Contact by Email
Contact Me
(902) 830-1212
scott@scottrobinson.ca
Royal LePage Atlantic
291 Hwy 2
Enfield, Nova Scotia
B2T 1C9