173 ST. CATHARINES STREET, West Lincoln (Smithville)173 ST. CATHARINES STREET, West Lincoln (Smithville) — photo 2173 ST. CATHARINES STREET, West Lincoln (Smithville) — photo 3173 ST. CATHARINES STREET, West Lincoln (Smithville) — photo 4173 ST. CATHARINES STREET, West Lincoln (Smithville) — photo 5173 ST. CATHARINES STREET, West Lincoln (Smithville) — photo 6173 ST. CATHARINES STREET, West Lincoln (Smithville) — photo 7173 ST. CATHARINES STREET, West Lincoln (Smithville) — photo 8173 ST. CATHARINES STREET, West Lincoln (Smithville) — photo 9173 ST. CATHARINES STREET, West Lincoln (Smithville) — photo 10173 ST. CATHARINES STREET, West Lincoln (Smithville) — photo 11173 ST. CATHARINES STREET, West Lincoln (Smithville) — photo 12
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Business For Sale · Land

173 ST. CATHARINES STREET, West Lincoln (Smithville)

173 ST. CATHARINES STREET, West Lincoln (Smithville), ON L0R2A0

$1.5M total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

—

Occupancy

100%

Lot Size

1.61 ac

About this property

Rare shovel-ready residential infill development opportunity in the heart of Smithville, Ontario, just steps from downtown and a wealth of amenities. Seller is willing to consider a vendor take-back mortgage of up to 50%. Fully approved with zoning, site plan approval, development agreement, and draft plan of condo approval in hand, this project is ready to go. Designed for 20 condominium townhouses or a purpose-built rental development with 2 units per townhouse (40 units total), as permitted under Section 3.2.1 of the West Lincoln Zoning By-Law. Situated on a major street, within walking distance of restaurants, grocery stores, LCBO, churches, walking trails, and parks, this prime location offers both convenience and strong market appeal. A comprehensive due diligence package, including reports and studies, is available. With the Niagara Regions population expected to grow by 27.6% to 610,000 by 2041, demand for quality housing continues to rise, making this an exceptional investment opportunity in a rapidly expanding community. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$64K

Annual cash flow

$-19K

Cash-on-cash

-4.20%

DSCR

0.77

Going-in cap

4.28%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

61,026

Households

21,614

Median income

$102,000

Median age

33.2

Daytime population

99,922

5-yr growth

0.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 173 ST. CATHARINES STREET, West Lincoln (Smithville).

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.