206/208 Rykert St

BUILDERS & INVESTORS: This 1.31-acre property includes two homes with separate driveways, a single detached residence and a duplex which together generate more than $67,000 in annual income. In addition, the seller has received City approval to construct 14 townhouses with the as-of-right to increase the density by including up to an additional 14 ADU's. These facts should make the property extremely attractive to both builders and investors alike. Why wait, builders can also take advantage of limited time HST rebates, deferred and reduced DC's and other government incentives including financial assistance for the construction of purpose-built rental accommodation. Located in the Western Hills neighbourhood of St Catharines, the site is near big box retail, the Go Station, a newer hospital and close to all other amenities. The location is mere minutes to Hwy 406 and the QEW. Please do not disturb the residents nor walk the property without contacting the listing agent.*** Interboarded Listing: Cornerstone Association of Realtors ***