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Investment signal

$649,000

154-156 ELLIOTT STREET West

Beds

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Baths

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Sqft

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Location

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About this home

This income-producing 4-unit multi-family property in Windsor is a fantastic investment opportunity. It features three spacious one-bedroom apartments—two of which include dedicated office spaces—and one two-bedroom unit, all currently leased and generating consistent rental income. The building has undergone numerous updates, ensuring modern, comfortable living spaces for tenants. It also includes two garage doors with CD1.3 commercial zoning, offering the potential for retail or other commercial uses. The fully finished basement adds even more space and offers potential for an additional unit or other income-generating possibilities. Investors will appreciate the steady cash flow and long-term potential. The seller reserves the right to accept or reject any offer, and offers are being reviewed as they come, making this a turnkey investment ready for immediate ownership. Please see the attached income and expenses sheet for details. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Common interest: Freehold
Lot dimensions: X
Stories: 2
On market: Apr 16, 2026
Status changed: Apr 16, 2026
Zoning: MULTIPLEX
Photos: 50
MLS#: 26008284
Area: WINDSOR

Features and systems

Parking

Other

Heating

Forced airNatural gasFurnace

Exterior

Stucco

Flooring

HardwoodCeramic/PorcelainCushion/Lino/Vinyl

Foundation

Block

Negative cash flow ~$732/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.77%

Cap rate

3.51%

GRM

16.6

Break-even rent

$4,020

Financing

Down payment$129,800

Loan amount$519,200

Mortgage$2,631/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$297

Insurance$80

Maintenance$541

CapEx reserve$270

Vacancy loss$163

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Windsor. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,631/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.