Nest Seekers

Marla Manor presents an exceptional opportunity to acquire a 34 unit mixed use asset in Windsor's University District.

1747-1767 University Avenue
Windsor N9B 1C5
Canada

Listing

Web ID:5825502
Website:https://www.nestseekers.com/5825502

Property

Ownership: For Sale
Type: Unknown

Financials

Price:C4,650,000
($3,311,800)
(€2,972,200)
Annual Taxes:C74,257.17

Description

Marla Manor presents an exceptional opportunity to acquire a 34-unit mixed-use asset in Windsor's University District. This five-storey, elevator-served building features 32 residential suites plus 2 street-front commercial units, with a suite mix of 1x bachelor, 10x 1 bed, 17x 2 beds and 4x 3 beds. The property offers strong in-place income today, complemented by meaningful value-add potential. With six current vacancies available for lease-up and additional rental upside across the existing portfolio, a purchaser has the opportunity to grow income while acquiring an already established and performing asset. Marla Manor has benefited from significant capital investment over the years, including exterior brick, window and roof-ledge waterproofing, upgraded fire alarm system, backflow and water-valve replacements, and continued suite improvements. Additional features include a 20-space underground parking garage, coin laundry, buzzer entry, and security cameras. Ideally positioned minutes from the University of Windsor and Ambassador Bridge, with transit, retail and everyday amenities nearby, the property offers a compelling combination of scale, location, current income and future upside.

Contact

Simcoe County, Ontario
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario
Phone: +1 905-851-9099
onadmin@nestseekers.com
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