18 Phelps Street, St. Catharines (Oakdale), Ontario, L2P2H4




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$998,000
St. Catharines
This 3-bedroom, 1-bathroom home in St. Catharines is for sale offering roughly 1,300 sq ft of space. It has been on the market 0 days, fresher than the St. Catharines average of 77 days.
**Prime Development Opportunity - Exceptional Investment Potential**Rare opportunity to acquire a strategically located development property with significant upside potential. This site offers the possibility to develop approximately **4 to 6 townhouse units, 2 detached or 4 semi-detached homes** (subject to municipal approvals and due diligence), making it an ideal project for builders, developers, and investors seeking to capitalize on the growing demand for quality residential housing. ***The property can be set up as 2 lots of 65.5' x 133' or combine into one large parcel of 130.90' x 133'.*** The property features a desirable location with convenient access to schools, shopping, parks, major transportation routes, and community amenities. Its configuration and size provide excellent flexibility for a townhouse development while maximizing land utilization and future value.Whether you're looking to expand your development portfolio or undertake your next residential project, this property presents an outstanding opportunity to create modern, high-demand housing in a sought-after area. Opportunities of this nature are increasingly difficult to find-don't miss your chance to secure a promising development site with substantial future potential. (The existing property is being sold in "as is, where is" condition, with no representations or warranties by the Seller.) (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Just listed: 0 days on market, against an average age of 77 days across the listings currently for sale in this city
This 3-bed single family in St. Catharines (Oakdale) has been listed for 0 days, which is 77 days fresher than the city average of 77. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $998,000, about 14.1× the local median household income of $71,000.
Carrying it typically needs a household income of about $194,944 (20% down, 25-yr amortization, stress-tested) — roughly 175% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2P)
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Loading rates, 30-yr amortization
Cash Needed to Close
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