Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | 12 BR |
| Bathrooms: | 4 |
Financials
Price:C2,966,888
($2,178,300)
(€1,853,800)
Annual Taxes:C10,245
Rare Riverside Land Assembly.
Description
Rare Riverside Land Assembly. Opportunity to pivot from highly saturated markets and explore a Windsor investment where the numbers may make more sense. Approx. 22,312 sq. ft. connected site with exposure across 3 street frontages, including a high-profile corner position, offering strong potential upside for builders, developers, and investors. Planning Consultation Stage 1 Letter and architectural drawings available for a proposed multiple dwelling concept with approx. 112 m / 37 storeys, 338 units, and 300 parking spaces, which, if approved and constructed, may represent one of Windsor's tallest residential developments. Existing 3 houses offer a combined 12 bedrooms, 4 bathrooms, and approx. $5,100/month rental income for holding income. Strong Riverside location with potential Detroit skyline / riverfront views depending on final design and approvals. Windsor offers comparatively affordable acquisition pricing compared to many major Canadian markets, with strong rental demand and potential for higher Riverside-area rents. Buyer may explore CMHC MLI Select financing for future rental development, subject to all lender, CMHC, zoning, design, affordability, energy efficiency, accessibility, and municipal requirements. Buyer and buyer's agent to verify zoning, services, setbacks, parking, income, expenses, financials, architectural drawings, planning process, CMHC eligibility, rent potential, development potential, and all approvals. Seller and listing brokerage make no representation or warranty. Architectural drawings, Planning Consultation Stage 1 Letter, planning process details, and financials available upon request after signed confidentiality agreement.
Virtual Tour: https://www.youtube.com/shorts/9rMryznQewc
Amenities
- River Front
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.