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Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 1,495,000

Est. payment -/mo

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Active

206/208 Rykert ST St. Catharines, ON L2S 2B7

1.31 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

MLS Listing ID 40787181

Annual Tax Amount $8,300

Lot Size 1.310 Acres

Acres 1.31

Property Sub-Type Residential

Source Cornerstone

Property Description

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.

Location

Province ON

County Niagara

Area St. Catharines

Zoning R1

Direction South on Vansickle Road to Rykert Street, turn left to signs on the left.

Rooms

Kitchen 0

Interior

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Street Lights

Lot Frontage 143.28

Lot Depth 340.19

Garage No

Building

Lot Description Urban, Rectangular, Schools

Faces South on Vansickle Road to Rykert Street, turn left to signs on the left.

Sewer Sewer (Municipal), Storm

Water Municipal

New Construction No

Others

Senior Community false

Tax ID 461610328

Ownership Freehold/None

Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

+1(705) 388-1792

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