173 St. Catharines Street West Lincoln, Ontario L0R 2A0
$2,999,000
Rare shovel-ready residential infill development opportunity in the heart of Smithville, Ontario, just steps from downtown and a wealth of amenities. Seller is willing to consider a vendor take-back mortgage of up to 50%. Fully approved with zoning, site plan approval, development agreement, and draft plan of condo approval in hand, this project is ready to go. Designed for 20 condominium townhouses or a purpose-built rental development with 2 units per townhouse (40 units total), as permitted under Section 3.2.1 of the West Lincoln Zoning By-Law. Situated on a major street, within walking distance of restaurants, grocery stores, LCBO, churches, walking trails, and parks, this prime location offers both convenience and strong market appeal. A comprehensive due diligence package, including reports and studies, is available. With the Niagara Regions population expected to grow by 27.6% to 610,000 by 2041, demand for quality housing continues to rise, making this an exceptional investment opportunity in a rapidly expanding community. (id:12481)
Business
| BusinessType | Residential |
| BusinessSubType | Residential |
Property Details
| MLS® Number | X11967171 |
| Property Type | Vacant Land |
| Community Name | 057 - Smithville |
| Features | Irregular Lot Size |
Building
| SizeInterior | 1.68 Ac |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 486 Ft ,6 In |
| SizeFrontage | 131 Ft ,8 In |
| SizeIrregular | 131.71 X 486.54 Ft ; 265 X 79 X 95x179x486x65x3x65x175x22 Ft |
| SizeTotalText | 131.71 X 486.54 Ft ; 265 X 79 X 95x179x486x65x3x65x175x22 Ft |
| ZoningDescription | Rm2-148 |
Contact Us
Get in touch with us for more information!
Phil Spoelstra
Broker of Record
(519) 667-1958
www.farmontario.com
34 Grandview Crescent
London, Ontario N6K 2Y2
Ron Steenbergen
Broker
(519) 667-1958
www.farmontario.com/
675 Adelaide Street North
London, Ontario N5Y 2L4
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February 11 2025 04:22:27
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