12 Bedroom
4 Bathroom
0 - 699 ft2
Central Air Conditioning
Forced Air
Waterfront On River
$2,966,888
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:39551)
Property Details
|
MLS® Number
|
X13099192 |
|
Property Type
|
Single Family |
|
Community Name
|
Windsor |
|
Easement
|
Unknown, None |
|
Parking Space Total
|
3 |
|
View Type
|
Unobstructed Water View |
|
Water Front Type
|
Waterfront On River |
Building
|
Bathroom Total
|
4 |
|
Bedrooms Above Ground
|
12 |
|
Bedrooms Total
|
12 |
|
Appliances
|
Dryer, Stove, Washer, Refrigerator |
|
Basement Development
|
Unfinished |
|
Basement Type
|
Full (unfinished) |
|
Construction Style Attachment
|
Detached |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
0 - 699 Ft2 |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Access Type
|
Public Road |
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Frontage
|
120 Ft |
|
Size Irregular
|
120 Ft ; Irregular |
|
Size Total Text
|
120 Ft ; Irregular |
|
Zoning Description
|
Rd2.2 |
https://www.realtor.ca/real-estate/29719034/819-829-riverside-drive-e-windsor-windsor