$5,125,000
For sale: Vacant Land

Rare commercial land development opportunity located along the Fourth Avenue commercial corridor. A corner lot with 400 feet frontage along Fourth and offers easy access to Highway #406. This property is in close proximity to Smart Centres, the Fourth Avenue West Shopping Centre, Marotta Family Hospital, First on Fourth Condominiums and many retail and service commercial enterprises. West St. Catharines is undergoing significant transformation with developments zoned for high-intensity; mixed use and long term care development considerations, as well as, residential projects. There is a strong push for residential intensification and mixed use developments in this area which will only make ownership of this property more attractive. Have a look at the attached brochure which provides an excerpt of permitted uses within the C4-Major Commercial Zone. This is an opportunity worth considering whether for immediate or short term development, or as a longer term land holding for investment purposes.
Sold data
Homes in St. Catharines (Ridley) took a median of 23 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 43, across 457 recorded sales.
The median sale price was $584,500.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 25% of sellers reduced their price before finding a buyer.
Based on 457 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
St. Catharines (Ridley) has 47 Fraser Institute–rated schools (38 elementary and 9 secondary), averaging 7.3/10.
School ratings from the Fraser Institute's Ontario school report cards.
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