4+1
Bedrooms
2
Bathrooms
1,237
Square Feet
8,712 sq ft
Lot Size
2 Storeys
Built in
1970
$1,720
Annual Taxes
Description
Calling all builders and investors. Rarely offered and newly severed, this property presents three prime lots with one existing building that can be kept and converted into a triplex or fourplex. The two adjacent lots are perfectly suited for new multi-residential construction, with potential for a triplex on each.
Unbeatable Location: Close to the Pen Centre, Brock University, QEW, downtown St. Catharines.
Services Ready: Municipal water, hydro poles, and sewage connections are available at the lot line, minimizing development hurdles.
Investor Highlights:
- Strong rental demand driven by Brock University, Commercial plazas & downtown workforce
- CMHC MLI Select eligible candidate for attractive financing options
- Build multiple cash-flowing assets in a growth corridor of the Niagara Region
This is a turn-key development site with massive income potential for the savvy investor or builder looking to expand their portfolio in one of Niagara’s fastest-growing rental markets.
Flexible financing options, including Vendor Take Back (VTB), available.
Property Features
Property Type Land with Building(s) / House
Ad Type For Sale
Ownership Freehold / Fee Simple
Parking Driveway
Asking Price $850,000
Location
Address 14 Chestnut Lane
Neighbourhood Merritton
City St. Catharines
Province / State Ontario
Postal / ZIP L2T1G4
Country Canada
Bathroom Types
Bathroom 1 3pc Bathroom
Bathroom 2 4pc Ensuite Bath
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