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16 Mitchell St 4.05 Acres of Commercial Land Offered at $6,490,000 CAD in St. Catharines, ON L2R 3W4

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PROPERTY FACTS

Price $6,490,000 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 4.05 AC
Zoning R2

1 LOT AVAILABLE

Lot

Price $6,490,000 CAD
Price Per AC $1,602,469.14 CAD
Lot Size 4.05 AC

DESCRIPTION

Unlock the potential of this strategically located 4.05-acre site in one of Niagara’s fastest-growing urban hubs. Perfectly suited for developers, builders, and investors, the property offers flexible high-density residential development options—ranging from 90+ traditional townhomes to 136 stacked townhomes, or up to 300 apartment units. Full municipal servicing is already confirmed to support maximum density, significantly reducing development risk and timelines. Currently offered at a per-door cost well below market value, this parcel delivers immediate built-in equity and strong long-term upside. Located just 5 minutes from the QEW, the site provides seamless access to Toronto and Niagara Falls—two of Ontario’s most powerful economic and tourism drivers. St. Catharines itself has seen a 12% population surge since 2020 and boasts a sub-2% rental vacancy rate, underscoring demand for new housing supply. With pre-consultation already underway with city planning staff and multiple proven exit strategies available—whether build-to-sell, build-to-rent, or land banking (with historical land appreciation of 8–12% annually)—this is a rare chance to acquire high-density development land at exceptional value in a thriving, supply-constrained market.

  • Listing ID: 36758860

  • Date on Market: 2025-07-16

  • Last Updated:

  • Address: 16 Mitchell St, St. Catharines, ON L2R 3W4

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