1 - 22 Alma Street
Kincardine, ON
- 8 bed
- 5 bath
- approx. 1500-2000 sqft
- Detached
- 539 days on market
Proudly presenting Parkside Woods, 22 Alma Street lot 1. Located within a to-be built boutique subdivision development in Inverhuron, this property is incredibly located on the doorstep of Inverhuron Provincial Park and Bruce Power, providing exciting and diverse opportunities. Surrounded by nature and serenity this 1/2 acre lot will be home to an exciting, multi functioning, multi family, multi purpose, real estate opportunity. Consisting of between three and five independent suites under 2 roofs, this property is an incredible mixture of opportunity and enjoyment.This property is being offered to take advantage of the Federal Purpose-Built Rental Housing (PBRH) Rebate, which provides a rebate of up to 100% of the 5% federal GST on eligible newly constructed multi-unit residential properties.In addition, purchasers may be eligible for the Ontario New Residential Rental Property (NRRP) rebate, which can provide up to $24,000 per unit on the provincial portion of HST.At the current list price, this property presents a compelling opportunity to recover a significant portion of the HST, materially improving overall investment returns.The rebate is generally calculated based on the fair market value of the property at substantial completion and is available to purchasers who hold the property as an income-producing rental asset.Estimated HST: $266,405Estimated Federal GST Rebate (PBRH): ~$197,000Estimated Provincial Rebate (Ontario NRRP): Up to $24,000Total Potential GST/HST Recovery: In excess of $200,000.
Listing Details
- Originally Listed
- $2,300,000
- Listed
- March 19, 2025
Price History
Listing history
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Property
- Style
- Bungalow
- Age
- New
- Construction
- Vinyl Siding, Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Air Exchanger, Carpet Free, ERV/HRV, Guest Accommodations, In-Law Suite
- Lot Size
- 40.48 x 47.09 Metres
Parking
- Garage
- Detached
- Covered Spaces
- 3
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Alma & Albert
- Zoning
- R3
- Parcel Number
- 332860227
- Possession
- Other
- Occupancy
- Vacant
Community
Postal area N0G
- Population
- 86,935
- Private dwellings
- 35,896
- Median age
- 40.8
- Average household size
- 2.6
- Median household income
- $83,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Kincardine · last 12 months
- Median sold price
- $596,350
- Homes sold
- 204
- Median days on market
- 29
- Sale-to-list price
- 96.6%
Based on 204 recorded sales of residential freehold properties in Kincardine over the last 12 months.
Listed by
Sutton Group - First Choice Realty Ltd.
Walk Score
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Location
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Mortgage Calculator
$439,800
Estimated Monthly Payment
$10,803
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $10,803/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $550/mo
Estimates only. Consult a financial advisor.
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