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$ 1,699,000
Est. payment | /mo
$ 1,699,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Other, See Remarks
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26009720
Construction Status Unknown
Annual Tax Amount $12,138
Tax Year 2026
Property Sub-Type Other, See Remarks
Source WESC
Property Description
COMMERCIAL REAL ESTATE DELIVERS STABLE, SCALABLE RETURNS THROUGH STRONG INCOME POTENTIAL, LONGER LEASE TERMS, AND LOWER MANAGEMENT INTENSITY. THIS INSTITUTIONAL-GRADE ASSET IN THE CORE OF WINDSOR IS IDEALLY LOCATED STEPS FROM WINDSOR REGIONAL HOSPITAL. PRIME DOWNTOWN PARKING LOT GENERATING APPROX. $10,900/MONTH, ANCHORED BY AAA INSTITUTIONAL TENANCY INCLUDING WINDSOR REGIONAL HOSPITAL AND WINDSOR-ESSEX COUNTY HEALTH UNIT. TWO NEW 3-YEAR LEASES COMMENCING IN 2026 INCLUDE BUILT-IN ANNUAL RENT ESCALATIONS, PROVIDING IMMEDIATE INCOME GROWTH AND INCREASING RETURNS, WITH POTENTIAL FOR LONGER-TERM EXTENSIONS. ZONED CD3.2 WITH CIP PERMITTING COMMERCIAL/MIXED-USE DEVELOPMENT INCLUDING RESIDENTIAL, WITH POTENTIAL HEIGHTS UP TO APPROX. 55M (BUYER TO VERIFY). PHASE 1 & 2 ENVIRONMENTAL REPORTS COMPLETE. RARE OPPORTUNITY OFFERING STRONG CASH FLOW, MINIMAL MANAGEMENT REQUIREMENTS, AND EXCEPTIONAL REDEVELOPMENT POTENTIAL IN A HIGH-DEMAND DOWNTOWN LOCATION.
Location
Province ON
Zoning CD3.2
Building
Sewer Unknown
Construction Status Unknown
Listed by REMAX CARE REALTY
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