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	26005086
Property Type	Single Family
Equipment Type	Other
Rental Equipment Type	Other

Building

Architectural Style	Other
Exterior Finish	Other
Flooring Type	Other
Heating Fuel	See Remarks

Land

Acreage	No
Size Irregular	45 X
Size Total Text	45 X
Zoning Description	Rd2.1

https://www.realtor.ca/real-estate/29455524/vl-high-street-windsor