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, subject to market conditions and buyer verification. 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:64906)
819-829 RIVERSIDE AVE is located in Windsor, Ontario, with a current listing price of $2,966,888. This multi-family property is currently available.
Interested in learning more about 819-829 RIVERSIDE AVE? Review the property details above — including taxes, year built, lot size, construction, interior and exterior features, parking, and any neighbourhood amenities in the Windsor area as filed by the listing brokerage.
You can also contact the Sellit2u Real Estate Group to book a private tour of MLS® 26013028 or other homes for sale in Windsor. Our team has deep expertise in the Windsor and Windsor-Essex real estate market — call 519-903-5117 to connect with an agent today.
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Listing courtesy of Sunny Paul, Property Zilla.
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