$350,000

About this property

Rare downtown vacant mixed-use lot. CD3.6 zoning permits approximately 24-28 residential units with ground-floor commercial and integrated parking. Maximum 5 storeys (20m height). No variances required. Survey on file. Downtown location with transit access. CBD parking reduction zone (16-space baseline) with parking study opportunity for additional 50% savings per Interim Control By-law 127-2015. Development incentives include: development fee waiver (exemption zone), $50,000 residential development grant, 100% municipal tax increment rebate (5-10 years), facade/retail improvement grants ($20K-30K), covering estimated $445K-785K in soft costs. Strong mixed-use rental play with institutional cap-rate appeal. Freehold, clear title. Buyer is solely responsible for independent verification of all zoning, development assumptions, parking requirements, tax incentives, environmental status, flood zone designation, utilities, and municipal regulations with appropriate City departments and qualified professionals. Seller and Listing Agent make no representations or guarantees regarding any information contained in this listing. All information is believed to be accurate but is not warranted. All development subject to City of Windsor Planning Department approval and municipal permits.

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