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Investment signal

$499,900

2251-53 HOWARD AVENUE

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Beds

—

Baths

—

Sqft

—

Year

1927

Type

Multi-family

Suite

Investment signal

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Location 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.

About this home

Exceptional investment opportunity in the heart of Windsor! This legal 1 ¾ storey full-brick duplex with a detached 1.5-car garage offers incredible potential for both cash flow & future growth. Currently featuring 2 fully tenanted units, each with 2 bedrooms, renovated kitchens & baths, & in-suite laundry, this property is turnkey & income-generating from day one. The unfinished basement with legal ceiling height provides a blank canvas, with potential to add up to 2 additional units. Even more, drawings & permits are already in place to build 3 additional units on the adjoining vacant land—creating a rare chance to expand & maximize returns.With its central windsor location, updated features, & tremendous development upside, this property is perfect for savvy investors looking to secure a high-performing asset in a thriving rental market. (id:65958)

Subtype: Multi-family
Structure: Duplex
Common interest: Freehold
Lot dimensions: 55.14 FT X IRREG
On market: Apr 20, 2026
Status changed: Apr 20, 2026
Zoning: R2.2
Photos: 48
MLS#: 26008393
Area: WINDSOR

Features and systems

Parking

Other

Heating

Forced airNatural gasFurnace

Exterior

BrickAluminum/Vinyl

Flooring

HardwoodLaminateCeramic/Porcelain

Foundation

Block

Negative cash flow ~$585/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

-7.03%

Cap rate

3.46%

GRM

16.7

Break-even rent

$3,116

Financing

Down payment$99,980

Loan amount$399,920

Mortgage$2,026/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$229

Insurance$80

Maintenance$417

CapEx reserve$208

Vacancy loss$125

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.

Mortgage estimate

Estimated $2,026/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 20, 2026.