206/208 Rykert Street, St. Catharines, ON L2S 2B7

This 1.31 acre property is site plan approved for fourteen condominium townhouses with zoning in place to potentially allow up to an additional14 ADU's. The buyer may wish to seek the financial advantage of government programs and build a purpose-built rental project on the site. The City of Catharines has approved reduced and deferred DC's for such projects. The city has also approved up to two years from the signing of the site plan agreement to commence construction and 4 years from signing the site plan agreement to complete the development. The property is located near Highway 406 and all city amenities, including big box stores, Benny Marotta Hospital, and the GO Station. This property's location will undoubtedly attract first-time buyers and renters alike. The two existing dwellings on site offer current holding income of $5,400 monthly. Please do not disturb residents nor walk the site without listing agent approval.