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$ 1,570,000

494 RIVERDALE, Windsor, ON, N8S 4B6

Listing ID# 1705254
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$ 1,570,000

  • 494 RIVERDALE
    Windsor, ON N8S 4B6
  • Listing ID 1705254
  • Building Type: Multi-Family
  • Stories: 2
  • Status: For Sale/Active
  • Rooms: 0

Property Description

IDEAL RETIREMENT INVESTMENT LIVE IN 2 BEDROOM APARTMENT/SUITE AND WITH LITTLE EFFORT MANAGE YOUR OWN TURNKEY IN KEEPER BUSINESS AND COLLECT A 7 PERCENT RETURN ON INVESTMENT. THIS PROHIBITION ERA PROPERTY HAS BEEN RENOVATED FROM TOP TO BOTTOM INSIDE AND OUT.LOCATED ON THE WATERFRONT WITH ACCESS TO THE DETROIT RIVER AND LAKE ST. CLAIR IN A VERY DESIRABLE RIVERSIDE NEIGHBORHOOD. TOTAL OF 7676 SQ FT MAIN FLOOR TENANT IS A SUCCESSFUL LONG TERM RESTAURANT OPERATOR, 2ND FLOOR HAS 12 RESIDENTIAL RENTAL UNITS WITH NO VACANCIES. BOTH FLOORS HAVE RECENTLY RENOVATED WITH PREMIUM FINISHES. RESTAURANT WATERFRONT PATIO AND ALSO AN EXCLUSIVE WATERFRONT PATIO FOR THE RESIDENTS. ASKING PRICE INCLUDES LAND + BUILDING, F, F + E AND IN KEEPER BUSINESS.



Listing courtesy of BOB PEDLER REAL ESTATE LIMITED - 560


Demographics

East Riverside Property Overview
95%Own 5%Rent
  • Detached 2,355
  • Low-Rise 758
  • Semi-Det. 238
  • Duplex 11
$ 323 k

Average Home Price in East Riverside

21 years

Average home age in East Riverside

Household Size
2,570One-family 725Non-family 83Multi-family
Household size (# people)
  • 1731
  • 21,130
  • 3619
  • 4-5804
  • 6+92
Household Income in East Riverside
86.3%Employed 9.7%Unemployed 4.1%Self-Employed
  • White Collar 2,472
  • Blue Collar 1,560
$ 104 k

Average income

38 years

Average age

Education
  • Certificate, diploma, degree 6,765
  • High School 2,433
  • College 1,591
  • No Certificate 1,261
  • Apprenticeship 662
Marital Status in East Riverside
62%Married 25%Single 13%Other
Age groups
  • 0-1925%
  • 20-2912%
  • 30-4931%
  • 50+32%

Points of interest and Comparables - East Riverside

top

$300,687*

average price

+10.56%

market trend

* - average price based on 30 comparable properties in the neighbourhood
# date listed bed/bath
1 $1,570,000
2 $379,529 3 + 1/3 + 1
3 $479,900 4/2 + 1
4 9/15/2017 $472,900 3 + 1/2 + 1
5 $299,900 2/2 + 1
6 9/21/2017 $289,900 3/2
7 $369,000 3/2
8 6/9/2017 $328,000 2/2
9 6/9/2017 $349,900 2/2
10 6/9/2017 $322,500 2/2
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