164 King Street
St. Catharines, ON
- approx. < 700 sqft
- Vacant Land
- 180 days on market
Prime opportunity in Downtown St. Catharines! Situated in the vibrant heart of the city, just north of the Highway 406 / Geneva Street interchange, this property offers immense potential for high-density residential development, with a capacity for 100 to 200 units. Moreover, recent governmental initiatives have significantly enhanced the feasibility of development. The lifting of GST self-assessment for purpose-built rental projects by the federal government, coupled with the anticipated full HST rebate from the provincial government, promises substantial cost reductions of up to 10%. Additionally, St. Catharines' 2015 Community Improvement Plan offers a range of subsidies and incentives, including the Tax Increment Financing Program ("TIF"), which provides rebates on realty tax assessment increases over a decade post-development, further enhancing the project's economic viability. Nestled amidst a mix of heritage structures and contemporary developments, the site presents an attractive infill opportunity adjacent to the Niagara Transit Commission terminal. The surrounding area boasts a plethora of local retail shops, restaurants, cafes, and personal service amenities, ensuring convenience and a thriving community ambiance.
Listing Details
- Taxes (2023)
- $12,000
- Listed
- April 29, 2024
Price History
Property
- Interior
- None
- Lot Size
- 67 x 130 Feet
Utilities
- Sewer
- Sewer
Location & Legal
- Cross Street
- Carlisle and King Street
- Parcel Number
- 462190101
- Occupancy
- Vacant
Schools
Elementary
- St Nicholas Catholic Elementary School0.4 km
Catholic · Niagara CDSB · 215 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 18% met the provincial standard
- ÉÉC Immaculée-Conception0.4 km
French Catholic · CS catholique MonAvenir · 140 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 31% met the provincial standard
- Harriet Tubman Public School1 km
Public · DSB Niagara · 680 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 60% met the provincial standard
Secondary
- St Catharines Collegiate Institute and Vocational School0.7 km
Public · DSB Niagara · 700 students
Grade 10 literacy: 85% met the provincial standard
- Denis Morris Catholic High School2.4 km
Catholic · Niagara CDSB · 930 students
Grade 10 literacy: 92% met the provincial standard
- Sir Winston Churchill Secondary School2.4 km
Public · DSB Niagara · 1025 students
Grade 10 literacy: 91% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L2R
- Population
- 25,558
- Private dwellings
- 13,117
- Median age
- 40.4
- Average household size
- 2.1
- Median household income
- $61,200
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 St. Catharines · last 12 months
- Median sold price
- $540,000
- Homes sold
- 1,627
- Median days on market
- 26
- Sale-to-list price
- 96.6%
Based on 1,627 recorded sales of residential freehold properties in St. Catharines over the last 12 months.
Listed by
RE/MAX ESCARPMENT REALTY INC.
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Location
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Land transfer tax
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Investment Analysis
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Mortgage: $0/mo (20% down, 5.5%)
Taxes: $1,000/mo · Insurance: $0/mo
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