view of front of property with driveway and a garage Features: built in garage More Photos

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    For Sale - 22 Alma Street Unit# 1, Kincardine, Ontario

    Est payment $10,559/mo
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    Views   2
    Time on Jump  397 day

    AI Summary *

    • Located near Inverhuron Provincial Park for nature lovers and outdoor activities.
    • Spacious 1/2 acre lot allows for multiple independent suites under two roofs.
    • Potential for significant financial rebates on HST and GST for qualified buyers.
    • Opportunity for a multi-family real estate investment in a boutique subdivision.
    • Exciting location surrounded by natural beauty and tranquility.




    Proudly presenting parkside woods, 22 alma street lot 1. Located within a to-be built boutique subdivision development in inverhuron, this property is incredibly located on the doorstep of inverhuron provincial park and bruce power, providing exciting and diverse opportunities. Surrounded by nature and serenity this 1/2 acre lot will be home to an exciting, multi functioning, multi family, multi purpose, real estate opportunity. Consisting of between three and five independent suites under 2 roofs, this property is an incredible mixture of opportunity and enjoyment. This property is being offered to take advantage of the federal purpose-built rental housing (pbrh) rebate, which provides a rebate of up to 100% of the 5% federal gst on eligible newly constructed multi-unit residential properties. In addition, purchasers may be eligible for the ontario new residential rental property (nrrp) rebate, which can provide up to $24,000 per unit on the provincial portion of hst. At the current list price, this property presents a compelling opportunity to recover a significant portion of the hst, materially improving overall investment returns. The rebate is generally calculated based on the fair market value of the property at substantial completion and is available to purchasers who hold the property as an income-producing rental asset. Estimated hst: $266,405estimated federal gst rebate (pbrh): ~$197,000estimated provincial rebate (ontario nrrp): up to $24,000total potential gst/hst recovery: in excess of $200,000.
    Listing IDX12029092
    Address22 Alma Street Unit# 1
    CityKincardine, Ontario
    Price$2,199,000
    Bed / Bath8 / 5 Full
    StyleBungalow, Detached
    ConstructionVinyl Siding, Aluminum Siding
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Air Exchanger, Carpet Free, ERV/HRV, Guest Accommodations, In-Law SuiteOutdoor Features Backs On Green Belt, PorchOwnership FreeholdBasement Walk-Up, FullFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 7.00
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    Listing Brokerage: Sutton Group - First Choice Realty Ltd.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    22 Alma Street Unit# 1
    Kincardine , Ontario
    8 5 $2,199,000
    Get more info