Welcome to 63 Winstead Road – an exceptional investment opportunity or the perfect residence for those seeking rental income to offset mortgage costs. This unique property comprises four separate apartments, each featuring its own private entrance, basement access, and dedicated off-street parking spaces. The configuration includes three two-bedroom units alongside one spacious three-bedroom apartment. Currently, three of the apartments are occupied by long-term tenants who have expressed a strong desire to remain, ensuring steady and reliable rental income. The vacant three-bedroom unit has been thoughtfully and fully remodeled to contemporary standards, showcasing new white shaker cabinetry, updated countertops, modern lighting fixtures, and high-quality vinyl flooring throughout. Freshly painted walls and refinished woodwork further enhance the inviting ambiance. Significant improvements include a newly installed sump pump in the basement and new exterior drainage tile, which collectively contribute to the property's functionality and long-term durability. The roof, approximately 15 years old, reflects consistent maintenance, while the exterior is clad in maintenance-free siding, minimizing upkeep requirements. Currently, the property generates $2,450 per month in rental income. Once the newly renovated three-bedroom apartment is leased, monthly revenue has the potential to exceed $3,600, offering attractive cash flow for investors. Whether you choose to occupy the renovated apartment personally and benefit from rental income from the remaining units, or rent out all four apartments, this property presents an advantageous opportunity for both homeowners and investors. Do not miss this chance to acquire a versatile, income-producing asset at 63 Winstead Road. Schedule a private viewing to learn more about this promising investment opportunity.
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Buffalo, NY • 14218
Average low and high temperatures (°F)
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57
40
63
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74
57
62
47
49
38
37
25
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Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 17% for direct sun exposure in Buffalo. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.7 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 63 Winstead Rd #57
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $158,500 and $280,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $159K to $280K.