164 King St St. Catharines, Ontario L2R 3J4
MLS# X8280098 - Buy this house, and I'll buy Yours*

$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:51158)

Property Details

MLS® Number	X8280098
Property Type	Vacant Land

About 164 King St, St. Catharines, Ontario

This For sale Property is located at 164 King St Vacant Land, in the City of St. Catharines Vacant Land bedroom(s), bath(s) . 164 King St heating . This house features a Fireplace.

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This St. Catharines

The Current price for the property located at 164 King St, St. Catharines is $1 and was listed on MLS on :2024-04-29 19:37:45

Building

Land

Acreage	No
Size Irregular	67 X 130 Ft
Size Total Text	67 X 130 Ft

Utilities

Sewer	Installed
Natural Gas	Installed
Electricity	Installed
Cable	Installed

https://www.realtor.ca/real-estate/26816000/164-king-st-st-catharines