Acreage
$6,490,000
This strategically located 4.05-acre parcel presents an exceptional opportunity for builders, developers, and investors seeking high-density residential development in St. Catharines thriving market. The site offers flexible development potential including 90+ traditional townhomes or 136 stacked townhomes, or up to 300 apartment units - with servicing capacity already confirmed for maximum density. The land's current per-door cost sits significantly below market value, creating immediate equity potential. Situated just 5 minutes from QEW access, the property provides quick connectivity to Toronto and the world-renowned Niagara Falls, while benefiting from St. Catharines; 12% population growth since 2020 and sub-2% rental vacancy rates. With pre-consultation already underway with city planners and multiple exit strategies available - from build-to-sell to land banking (8-12% annual appreciation) - this offering represents a rare chance to secure high-density land at a basis well below cost in one of Niagara's most dynamic urban nodes. (id:50976)
Property Details
|
MLS® Number
|
40726672 |
|
Property Type
|
Vacant Land |
|
Amenities Near By
|
Public Transit |
Building
|
Basement Type
|
None |
|
Utility Water
|
Municipal Water |
Land
|
Access Type
|
Highway Access |
|
Acreage
|
Yes |
|
Land Amenities
|
Public Transit |
|
Size Total Text
|
2 - 4.99 Acres |
|
Zoning Description
|
R2 |
https://www.realtor.ca/real-estate/28366520/16-mitchell-street-st-catharines
