3150 Peter St
3150 Peter St is a twelve unit apartment building located in Downtown Windsor, Ontario. Located within walking distance to the waterfront, the University of Windsor and minutes from the Ambassador Bridge. This building is comprised of 7 x 1-bedroom units, 4 x 2-bedroom units and 1 x bachelor unit. Each unit is separately metered for hydro. The property at acquisition was in poor condition with units falling apart and outdated fixtures but was structurally sound condition. The property was vacant which allows for a full remodel of the whole building. The new interior has now be constructed to meet the growing interest in Downtown Windsor, ON.
Neighbourhood
Sandwich
Zoning
RD-3.3
Market Rents In The Area
$1600 - $1900
Property At Acquisition
This building offered significant upside potential for investment with a full remodel by converting the dated and dirty interior into 12 units. Located close to, Ambassador Bridge for a quick trip to Detroit, walking distance to the University of Windsor which is perfect for students, minutes from the waterfront, Downtown Windsor, public transit and all the essentials.
Unit renovations to include a full remodel. Equipped with fully-loaded kitchens (stainless steel appliances, microwaves, dishwashers), 4 piece modern bathrooms, in-unit laundry, an addition of A/C, and all new fixtures (windows, flooring, walls etc).
Timeline of Completion
1-2 Year Completion
Property To Date
As of now, all units are completed. Grow Property Management has been engaged to begin lease up. They are advertising all 1-bedrooms at $1,850, 2-bedrooms at $1,700, and bachelor at $1,250.
Market Rents
Project Completion
$1,850 + Hydro
$1,700 + Hydro
$1,250 + Hydro
Q2 2023
