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$ 2,199,000
Est. payment | /mo
8 Beds
5 Baths
1,500 SqFt
$ 2,199,000
Est. payment | /mo
8 Beds
5 Baths
1,500 SqFt
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
Square Footage 1,500 sqft
Price per Sqft $1,466
Subdivision Kincardine
MLS® Listing ID X12029092
Style Bungalow
Bedrooms 8
Property Sub-Type Freehold
Property Description
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. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning, Air exchanger
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 7
Garage Yes
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Others
Ownership Freehold
Listed by Sutton Group - First Choice Realty Ltd.
Nearby Locations
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