Investment · For sale

1747-1767 University Avenue W, Windsor

$4,650,000

Listing brokerage: RE/MAX MILLENNIUM REAL ESTATE · MLS® X14124258

Listing brokerage

RE/MAX MILLENNIUM REAL ESTATE

Type

Investment

Deal

For sale

Category

Commercial · Investment and multi-residential

Size

0.288 sq ft

Lot

70.41 x 181.11 ft

MLS® number

X14124258

Description

Marla Manor presents an exceptional opportunity to acquire a 34-unit mixed-use asset in Windsor's University District. This five-storey, elevator-served building features 32 residential suites plus 2 street-front commercial units, with a suite mix of 1x bachelor, 10x 1 bed, 17x 2 beds and 4x 3 beds. The property offers strong in-place income today, complemented by meaningful value-add potential. With six current vacancies available for lease-up and additional rental upside across the existing portfolio, a purchaser has the opportunity to grow income while acquiring an already established and performing asset. Marla Manor has benefited from significant capital investment over the years, including exterior brick, window and roof-ledge waterproofing, upgraded fire alarm system, backflow and water-valve replacements, and continued suite improvements. Additional features include a 20-space underground parking garage, coin laundry, buzzer entry, and security cameras. Ideally positioned minutes from the University of Windsor and Ambassador Bridge, with transit, retail and everyday amenities nearby, the property offers a compelling combination of scale, location, current income and future upside.