Article content continued

Photo by Dax Melmer / Windsor Star

The project will be built on property that covers 3.4 acres, while each of the individual condo units will range in size from 886 sq. ft to 1,230 sq. ft., he said.

“For us, Toronto has become overwhelmed in terms of pricing,” Li said. “It’s beyond the ability of most buyers. We saw a rare opportunity in Windsor with more advantages (for investing) than Toronto.

“The last five years, the market in Windsor has really recovered — and it has especially picked up the last two years. Prices are still going up, but it’s still affordable for development. We see this as a great opportunity. The land is shovel ready and we are launching at a time when inventory (at this price range) is very low.”

Interested buyers will be able to purchase units at a price “that’s not beyond their reach,” he said.

The sales agents for the project will be LC Platinum Realty Inc. which worked for two years on helping to bring the investment to Windsor.

Photo by Courtesy of Horizon Investment Holdings Ltd. / Windsor Star

“Everybody knows there is super-high demand for homes starting in the $250,000 range,” said Maggie Chen, broker of record and owner of Platinum. “But there is very low inventory. We see the need for many families. Not just for young families, but also retirees or people moving here from out-of-town.”

Her company pushed for the investment by the Toronto company to be made within the borders of Windsor.

“To be able to bring this investment to Windsor is special,” Chen said. “This is a good city and we want to have more people to have a home of their own inside Windsor.