16 Mitchell St,St Catharines, ON L2R
St Catharines, ON L2R
Description
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.
Details
| MLS # | X12200594 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 17 |
| Listing Provided By | RE/MAX REAL ESTATE CENTRE INC. | X12200594 079819 |
Features
| Water Front | None |
|---|
Interior
| Interior Features | Other |
|---|
Taxes
| Property | 16011 |
|---|
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Learn More About This Property
| State | ON |
|---|---|
| County | Niagara |
| City | St Catharines |
| Postal Code | L2R |
| Area | 450 E. Chester |
| Listing VS Median (in L2R) | |
Price: $6,490,000 low | high Med: $599,495 On site: 17 low | high Med: 30.500000 | |
