173 ST. CATHARINES STREET, West Lincoln (Smithville)

$1,999,000

For sale: Vacant Land

Vacant Land at 173 ST. CATHARINES STREET, West Lincoln (Smithville)
Property type
Land
MLS®
MLS® X13446962
Neighbourhood
057 - Smithville

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.

Sold data

Homes in West Lincoln (Smithville) — recent sold market

Homes in West Lincoln (Smithville) took a median of 43 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 77, across 40 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.

The median sale price was $708,950.

Homes sold for about 3.4% below asking on average, so there was room to negotiate.

About 5% of sales closed above the list price.

Around 40% of sellers reduced their price before finding a buyer.

Median days to sell
43
Median sale price
$708,950
Sale-to-list ratio
96.6%
Sold above asking
5%

Based on 40 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 173 ST. CATHARINES STREET