164 King Street, St. Catharines, ON L2R 3J4, St. Catharines, ON, L2R 3J4
MLS: X8280098 | Vacant Land
$1
Property Description
Prime opportunity in Downtown St. Catharines! Situated in the vibrant heart of the city, just north of the Highway 406 / Geneva Street interchange, this property offers immense potential for high-density residential development, with a capacity for 100 to 200 units. Moreover, recent governmental initiatives have significantly enhanced the feasibility of development. The lifting of GST self-assessment for purpose-built rental projects by the federal government, coupled with the anticipated full HST rebate from the provincial government, promises substantial cost reductions of up to 10%. Additionally, St. Catharines' 2015 Community Improvement Plan offers a range of subsidies and incentives, including the Tax Increment Financing Program ("TIF"), which provides rebates on realty tax assessment increases over a decade post-development, further enhancing the project's economic viability. Nestled amidst a mix of heritage structures and contemporary developments, the site presents an attractive infill opportunity adjacent to the Niagara Transit Commission terminal. The surrounding area boasts a plethora of local retail shops, restaurants, cafes, and personal service amenities, ensuring convenience and a thriving community ambiance.
Quick Facts
- Property Type: Vacant Land
- Bedrooms: 0
- Bathrooms: 0
Costs
- Annual Taxes: $12,000.00 (2023)
Listing Provided by: RE/MAX ESCARPMENT REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Exterior & Construction
- Sewer: Sewer
Community & Neighbourhood
- Neighbourhood: 451 - Downtown
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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164 King Street, St. Catharines, ON L2R 3J4, St. Catharines, ON, L2R 3J4