173 ST. CATHARINES STREET, West Lincoln (Smithville), Ontario, L0R2A0

Property Description

Rare shovel-ready residential infill development opportunity in the heart of Smithville, Ontario, just steps from downtown and a wealth of amenities. Seller is willing to consider a vendor take-back mortgage of up to 50%. Fully approved with zoning, site plan approval, development agreement, and draft plan of condo approval in hand, this project is ready to go. Designed for 20 condominium townhouses or a purpose-built rental development with 2 units per townhouse (40 units total), as permitted under Section 3.2.1 of the West Lincoln Zoning By-Law. Situated on a major street, within walking distance of restaurants, grocery stores, LCBO, churches, walking trails, and parks, this prime location offers both convenience and strong market appeal. A comprehensive due diligence package, including reports and studies, is available. With the Niagara Regions population expected to grow by 27.6% to 610,000 by 2041, demand for quality housing continues to rise, making this an exceptional investment opportunity in a rapidly expanding community. (id:64974)

Quick Facts

• Property Type: Vacant Land
• Bedrooms: None
• Bathrooms: None
• Living Area: 2 sq ft (0.2 m²)
• Lot Size: 1.6100 acres (0.65 ha)
• Frontage: 132 ft (40.2 m)

Costs

• Annual Taxes: $5,115.24

Listing Provided by: COLDWELL BANKER POWER REALTY
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.