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Investment signal

$215,900

540 OUELLETTE Unit# 3F

Beds

2

Baths

1

Sqft

Year

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Set in the heart of downtown Windsor on iconic Ouellette Avenue, this beautifully updated 2-bedroom, 1-bath condo invites you into an urban lifestyle rich with convenience, connectivity, & opportunity. From the moment you step inside, you’ll feel right at home - a perfect blend of modern comfort & downtown energy. Plenty of natural light fills the space, where thoughtful updates throughout give this unit a fresh, contemporary feel. With in-suite laundry, generous living areas, and two well-appointed bedrooms, it’s ideal as a starter home, a city base for professionals, or an investment opportunity with flexible rental appeal. With a designated secured parking space & private storage locker down the hall, everyday life feels effortless. The building itself offers secure, digital/video access, giving peace of mind in an urban setting. You’re just moments from the Windsor-Detroit Tunnel - making cross-border commuting or weekend trips to Detroit simple, the University of Windsor & St. Clair College downtown campuses - perfect for students, faculty, or investors looking for rental potential, & a growing roster of restaurants, cafes, nightlife, entertainment, & the scenic Detroit River waterfront - all part of downtown’s unique character. Walkability meets practicality, and community meets opportunity. Whether you’re a first-time buyer, young couple, retiree, or student (or a parent looking to make a smart investment), this condo offers an accessible entry into one of Windsor’s most vibrant neighbourhoods. Book your showing before this condo is gone! (id:65958)

Subtype
Single Family
Structure
Apartment
Common interest
Condo/Strata
Lot dimensions
0 X
Bedrooms
2 above grade, 0 below grade
Condo/HOA fee
$881 monthly
On market
Apr 14, 2026
Status changed
Apr 14, 2026
Zoning
CD3.1
Photos
15
MLS#
26008099
Area
WINDSOR

Features and systems

Parking

Other

Heating

Forced airNatural gasFurnace

Cooling

Central air conditioning

Exterior

Stucco

Flooring

Ceramic/PorcelainCushion/Lino/Vinyl

Foundation

Concrete

Fee includes

Exterior MaintenanceProperty ManagementCaretakerGround MaintenanceWater
Positive cash flow ~$297/mo at these assumptions

Cash on cash

8.24%

Cap rate

7.54%

GRM

9.5

Break-even rent

$1,588

Financing

Down payment$43,180
Loan amount$172,720
Mortgage$1,060/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$99
Insurance$80
Maintenance$180
CapEx reserve$90
Vacancy loss$95

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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 $1,060/mo at 5.49% with 20% down, 25-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 14, 2026.

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