164 KING STREET, St. Catherines, Ontario
$1
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. (id:23309)
- Listing ID: X8280098
- Property Type: Vacant Land
Schedule a Tour
Schedule Private Tour
Mal Kearns would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Mal Kearns, who specializes in St. Catherines real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Mal Kearns find a property to match your lifestyle.
Listing provided by RE/MAX ESCARPMENT REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 164 KING STREET in St. Catherines Ontario. It was last modified on June 27th, 2024. Contact Mal Kearns to schedule a viewing or to discover other St. Catherines real estate for sale.