Business For Sale · Industrial

909 RIVERSIDE DR E, Windsor

909 RIVERSIDE DR E, Windsor, ON N9A2T5

$1.7M total

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Asset Class

Industrial

Size

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Building class

A

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

90%

Year Built

1913

Clear height

31 ft

Loading docks

2

About this property

909 Riverside Drive East to be sold in conjunction with 939 Riverside Drive East, 164 Parent Avenue, 192 Parent Avenue and 924 Chatham Street East (Buildings & land only). A rare five-parcel assembly directly across from Windsor’s waterfront and Bert Weeks Memorial Gardens, steps from the downtown core. Approximately 0.51± acres currently improved with a two-storey commercial building and four single-family residences, generating income today. Designated Residential in the Official Plan, with a conceptual development study prepared by a professional land use planning firm exploring a mixed-use scenario of approximately 67 units. Waterfront assemblies of this scale rarely come to market. Full information package available to qualified parties. Contact the listing agent for details. Buyer to verify all zoning and development potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.68M
Down payment30% · $504K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$96K

Annual cash flow

$3K

Cash-on-cash

0.61%

DSCR

1.03

Going-in cap

5.72%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

55,449

Households

21,242

Median income

$69,500

Median age

41.3

Daytime population

66,793

5-yr growth

9.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 909 RIVERSIDE DR E, Windsor.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.