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For Sale
$320,000
MLS® X13544742
1324 COPPERFIELD PLACE
Windsor, Ontario, N8S4G9
- Beds / Baths
- 3 bed · 3 bath
- Property type
- Single Family
- Building
- Single Family
- Lot size
- 33 x 65 FT
- Parking
- 2
- Ownership
- Freehold
Property facts
- Beds / Baths
- 3 bed · 3 bath
- Property type
- Single Family
- Building
- Single Family
- Transaction
- For Sale
- Lot size
- 33 x 65 FT
- Parking
- 2
- Ownership
- Freehold
About this property
1324 Copperfield Place, Windsor is an investment property within a portfolio. A single detached home offered at a 5.96% in-place cap rate on current rents. This fully-tenanted property generates $23,400 in gross annual rent and $19,060 NOI/Profit. The home is currently rented as a single unit under a lease structured so the tenant pays all utilities and is responsible for repairs, leaving the landlord to cover only property tax, insurance, and hot water tank rental - keeping operating costs unusually low. Basement layout and separate-entrance potential offer a clear path to reconfigure the home into a multi-door rental, letting a new owner add doors, increase gross rent, and grow NOI from a single-unit base. As the most affordable entry point in the portfolio, in an improving Windsor market, it also provides geographic diversification alongside room for appreciation and a low-cost way to test a conversion strategy. (id:53361)