Jag Patel
Broker
$1
Available - For Sale
Listing ID: X8280098
164 King St , St. Catharines, L2R 3J4, Ontario
| 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. |
| Price | $1 |
| Taxes: | $12000.00 |
| Address: | 164 King St , St. Catharines, L2R 3J4, Ontario |
| Lot Size: | 67.00 x 130.00 (Feet) |
| Acreage: | < .50 |
| Directions/Cross Streets: | Carlisle And King Street |
| Property Type: | Vacant Land |
| Approximatly Square Footage: | < 700 |
| Sewers: | Sewers |
| Water: | Municipal |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
| Utilities-Gas: | Y |
| Utilities-Telephone: | Y |
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| RE/MAX ESCARPMENT REALTY INC. |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Vacant Land |
| Area: | Niagara |
| Municipality: | St. Catharines |
| Lot Size: | 67.00 x 130.00(Feet) |
| Tax: | $12,000 |
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