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:61445)
| MLS® Number | X13099192 |
| Property Type | Single Family |
| Community Name | Windsor |
| Easement | Unknown, None |
| ParkingSpaceTotal | 3 |
| ViewType | Unobstructed Water View |
| WaterFrontType | Waterfront On River |
| BathroomTotal | 4 |
| BedroomsAboveGround | 12 |
| BedroomsTotal | 12 |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 0 - 699 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
| No Garage |
| AccessType | Public Road |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeFrontage | 120 Ft |
| SizeIrregular | 120 Ft ; Irregular |
| SizeTotalText | 120 Ft ; Irregular |
| ZoningDescription | Rd2.2 |
https://www.realtor.ca/real-estate/29719034/819-829-riverside-drive-e-windsor-windsor
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Sunny Paul
Broker of Record