Beds 0 Bath

16 Mitchell Street, St. Catharines, ON L2R 3W4

St. Catharines L2R 3W4 Ontario

MLS: X12200594

$6,490,000

Added 1 day ago | For Sale

Listed by: RE/MAX REAL ESTATE CENTRE INC.

About Property

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.

Features

  • House Style:Vacant Land
  • Bathrooms:0
  • Land Size: 50 X 610
  • Water:Other
  • Garage Spaces: /
  • Driveway:
  • Heating Fuel:
  • Cross Street:Eastchester Ave
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $16011
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:
  • Pool Type:
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X12200594

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