This 1.31 acre property is site plan approved for fourteen condominium townhouses with zoning in place to potentially allow up to an additional 14 ADU's. The buyer may wish to seek the financial advantage of government programs and build a purpose-built rental project on the site. The City of Catharine's has approved reduced and deferred DC's for such projects. The city has also approved up to two years from the signing of the site plan agreement to commence construction and 4 years from signing the site plan agreement to complete the development. The property is located near Highway 406 and all city amenities, including big box stores, Benny Marotta Hospital, and the GO Station. This property's location will undoubtedly attract first-time buyers and renters alike. The two existing dwellings on site offer current holding income of $5,400 monthly.
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
$1,495,000
206/208 Rykert Street, St. Catharines, Ontario
Property
MLS® Number: 40787181
Address: 206/208 Rykert Street
City: St. Catharines
Lot Size: 340.19ft x 143.28ft
This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.
Property Sale History
Travel and Neighbourhood
59/100Walk Score®
Somewhat Walkable
Wondering what your commute might look like? Get Directions
Location
