164 King Street, in St. Catharines, ON
This is a Vacant Land Listing.
164 King Street, in St. Catharines
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:6289)
$1
164 King Street, St. Catharines, Ontario
Essential Information
- MLS® #X8280098
- Price$1
- Bathrooms0.00
- Acres0.00
- TypeVacant Land
- Days on Website20
Amenities
- UtilitiesSewer, Cable
Listing Details
- Listing OfficeRE/MAX ESCARPMENT REALTY INC.
Community Information
- Address164 King Street
- CitySt. Catharines
- Postal CodeL2R3J4
Exterior
- Lot Description67 x 130 FT|under 1/2 acre