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From Our Gallery
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.
Location Description
RIVERSIDE & MARENTETTE
Property Detail
- Community: Windsor
- Property Type: Tenant/Residential Freehold
- Bedrooms: 12
- Bath: 4
- Garages: None
- Annual Property Taxes : $ 10245
- sqft
Facts and Features
- Foundation Type: Block
- Counstruction Material : Brick
- Total Parking Space : 3
- Parking Type : None
Amenities
Listing Contracted With: PROPERTY ZILLA