1 - 22 ALMA STREET

$2,199,000

Listing ID: X12029092

Sutton Group - First Choice Realty Ltd.

1 - 22 ALMA STREET, Kincardine, Ontario, N0G2T0

Bathrooms: 5 Bedrooms: 8
Property Type: Single Family Building Area: 1500 - 2000 sqft
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:24871)


Details

Features: Backs on greenbelt, Carpet Free, Guest Suite, In-Law Suite Ownership: Freehold
Parking Spaces: 7 Structure: Porch
Transaction: For sale Zoning Description: R3

Building

Bedrooms Above Ground: 6 Bedrooms Below Ground: 2
Appliances: Water meter Architectural Style: Bungalow
Basement Features: Walk-up Basement: Full
Construction Style Attachment: Detached Cooling: Central air conditioning, Air exchanger
Exterior Finish: Vinyl siding, Aluminum siding Foundation: Poured Concrete
Bathrooms (Total): 5 Heating Fuel: Natural gas
Heating: Forced air Size Interior: 1500 - 2000 sqft
Storeys Total: 1 Type: House
Utility Water: Municipal water

Land

Size Frontage: 40.48 m Sewer: Sanitary sewer
Size Depth: 47.09 m Size Irregular: 40.5 x 47.1 M

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