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Investment signal

$849,900

538 Louis AVENUE

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Beds

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Baths

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Sqft

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Year

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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

Purpose-built fourplex in a prime central Windsor location, this property is an ideal opportunity for investors seeking both immediate income and long-term upside. Featuring four spacious two-bedroom units. Each unit is separately metered for hydro and gas, allowing tenants to pay their own utilities and providing predictable, steady cash flow. Additional conveniences include on-site laundry and one parking space per unit. Situated on a generous corner lot (approx. 50x140), the property includes green space. Professionally managed and well-maintained, it delivers turn-key stability with the added flexibility of development potential. A smart, tenant-friendly asset in a highly accessible location close to amenities, schools, and transit. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Common interest: Freehold
Lot dimensions: 52.75 FT X 140 FT
Stories: 2
On market: Apr 22, 2026
Status changed: Apr 23, 2026
Zoning: RD2.2
Photos: 33
MLS#: 26008631
Area: WINDSOR

Features and systems

Parking

Other

Heating

BoilerNatural gasRadiator

Exterior

Brick

Flooring

Mixed Flooring

Foundation

Block

Negative cash flow ~$939/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

-6.63%

Cap rate

3.54%

GRM

16.7

Break-even rent

$5,239

Financing

Down payment$169,980

Loan amount$679,920

Mortgage$3,445/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$390

Insurance$80

Maintenance$708

CapEx reserve$354

Vacancy loss$213

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 $3,445/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 23, 2026.