V/l High Street Windsor, Ontario N8Y 4B2

$229,000

PRIME RD2.1 ZONED VACANT LAND WITH POTENTIAL FOR UP TO 6 UNITS, IDEAL FOR INVESTORS AND DEVELOPERS TARGETING STRONG CASH FLOW POTENTIAL. LOCATED IN A CONVENIENT, CENTRAL, HIGH-DEMAND RENTAL AREA WITH CLOSE PROXIMITY TO PUBLIC TRANSIT, SHOPPING, AND EVERYDAY AMENITIES. SITUATED WITHIN WINDSOR’S ECONOMIC DEVELOPMENT ZONE, THIS PROPERTY BENEFITS FROM ZERO DEVELOPMENT CHARGES, SAVING APPROXIMATELY $24,000 PER UNIT AND MEANINGFULLY ENHANCING PROJECT RETURNS. ZONING AND SCALE ALIGN WELL WITH CMHC MLI SELECT FINANCING, SUPPORTING HIGH-LEVERAGE, LOW-COST INSURED DEBT AND IMPROVED CASH-ON-CASH METRICS. AN ADDITIONAL 13 FEET OF LOT DEPTH MAY BE AVAILABLE THROUGH PURCHASE OF THE ADJACENT ALLEYWAY, PROVIDING GREATER DESIGN FLEXIBILITY AND DENSITY OPTIONALITY. A RARE INFILL OPPORTUNITY IN A PROVEN, HIGH-ABSORPTION RENTAL MARKET. BUYER TO VERIFY ALL INFORMATION AND COMPLETE THEIR OWN DUE DILIGENCE. (id:60821)

Property Details

MLS® Number	26005082
Property Type	Vacant Land

Building

Type	No Building

Land

Acreage	No
Size Irregular	Frontage 45ft Wide / 0.22 Ac
Size Total Text	Frontage 45ft Wide / 0.22 Ac
Zoning Description	Rd2.1

https://www.realtor.ca/real-estate/29455412/vl-high-street-windsor