22 Alma Street 1

About this home

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.

Details

Type

Detached

Style

Bungalow

Age

New

Size

1500-2000 sq ft

Lot

40.48 × 47.09 ft

Basement

Walk-Up, Full

Garage

Detached

Kitchens

5

Property tax

$1 (2025)

Neighbourhood

Kincardine

Municipality

Kincardine

Price per sq ft

$1,257 (159% above detached houses in Kincardine, $486)

Interior

Bedrooms

6 above ground + 2 below

Bathrooms

3 × 4-piece (main), 2 × 4-piece (basement)

Kitchens

5 (2 below ground)

Rooms

21 above ground + 3 below

Family room or den

Yes

Fireplace

No

Features

Air Exchanger, Carpet Free, ERV/HRV, Guest Accommodations, In-Law Suite

Heating, cooling and services

Heating

Forced Air, Gas

Air conditioning

Central Air

Water and sewer

Sewer

Building and exterior

Style

Bungalow

Exterior

Vinyl Siding, Aluminum Siding

Roof

Asphalt Shingle

Foundation

Poured Concrete

Age

New

Faces

North

Outdoor

Backs On Green Belt, Porch

Parking

Garage spaces

3

Total parking

7

Driveway and parking

Private Triple

Lot

Size

40.48 × 47.09 m (rectangular)

Acreage

.50-1.99

More

Possession

Pre-sale. Delivery TBD

Cross street

Alma & Albert