C$499,900

Renovate the existing building, turn into a 4-plex with commercial and apply for St. Catharine Forgivable Loan Program (UP to $150k) or take the baton on this stunning new 6-plex rental property designed by Forestgreen Creations. Zoning permits full residential use or retain the commercial component. Minor variances have already been approved for this sleek contemporary design. All options benefit from a full HST Rebate. (There's talk about potential reduced development fees). 6-plex offers four 3-storey townhomes - each offering 3 bedrooms (or flex space) or 2 bedrooms with private rooftop terraces. Two bright 1-bedroom lower-level units, both designed with exceptional natural light. All options allow for no parking requirement. Open-concept layouts throughout, built for strong cash-flow and quality long-term rentals. Located steps from Montebello Park, in the heart of Downtown St. Catharines. The best of urban living right outside the door. The numbers work. The City is on board. A builder is in place. All details available upon request. (id:41202)