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$ 2,966,888
Est. payment | /mo
12 Beds
4 Baths
$ 2,966,888
Est. payment | /mo
12 Beds
4 Baths
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 0 - 699
Subdivision Windsor
MLS® Listing ID X13099192
Bedrooms 12
Property Sub-Type Freehold
Property 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. (id:24570)
Location
Province ON
Lake Name Detroit River
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N Yes
View Unobstructed Water View
Attached Garage No
Total Parking Spaces 3
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Water Detroit River
Others
Ownership Freehold
Virtual Tour https://www.youtube.com/shorts/9rMryznQewc
Listed by PROPERTY ZILLA
NEARBY SCHOOL & BUSINESS