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1-22 Alma Street in Kincardine for sale

Asking price
$2,199,000
Estimate (Mar 19)
$2,048,715
MLS #:
X12029092
Type:
Detached, Bungalow
Approx. SQFT:
1500-2000
Basement:
Walk-Up, Full
6+2 6+2
3 40.48 x 47.09 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 Ext N/A N/A N/A
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.

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  • Date Listed: Wednesday, March 19, 2025
  • Listing Brokerage: Sutton Group - First Choice Realty Ltd. - Disclaimer: The information contained in this listing has not been verified by Sutton Group - First Choice Realty Ltd. and should be verified by the buyer.
  • City: Kincardine

    More 6 bedrooms homes for sale in Kincardine

  • Neighbourhood: Kincardine
  • Major Intersection: Alma & Albert
  • Full Address: 1-22 Alma Street, Kincardine, N0G 2T0, Canada, ON, Canada
  • Amenities:
  • Taxes: $1.00 (2025)

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