LOT 16

Estimated Completion: 2025 | Starting at:$500,000s

LOT 16

Introducing Lot 16, an upcoming community of contemporary Modern Townhomes nestled in St. Catharines near the intersection of Westchester Cres and Oakdale Ave. This sought-after location offers a harmonious blend of tranquil natural surroundings and convenient city living. Situated adjacent to the picturesque Canal Valley Park, residents of Lot 16 will enjoy an immersive experience in nature, while being just minutes away from a plethora of urban amenities. The area boasts easy access to Highway 406, Downtown St. Catharines, the St. Catharines VIA Rail Station, SmartCentres St. Catharines West, Fairview Mall, Brock University, Niagara Falls, and the US Border.

Lot 16 presents an excellent investment opportunity as the Niagara Region’s population is projected to reach 610,000. With the increasing demand for real estate in the years to come, Lot 16 is poised to be a wise investment choice.

These thoughtfully designed townhomes feature three bedrooms and offer starting prices from the $500s, making them affordable and attractive for homebuyers. Furthermore, an impressive 90% of the units are priced below $699,000, ensuring accessibility for a wide range of budgets.

Don’t miss out on the chance to secure your future in Lot 16, where you can embrace the serene beauty of nature and enjoy the convenience of city living.

Population Growth and Economic Outlook

St. Catharines, the largest city in the Niagara Region, is anticipated to experience substantial population growth, reaching an estimated 610,000 people by 2041. This projection represents a significant 28% increase from the current population. Additionally, the region is expected to create approximately 80,000 new jobs within the same timeframe. This population and employment surge will inevitably lead to a surge in housing demand, making it an opportune time for investors to enter the market.

Prime Location

Situated in the northern part of the Niagara Region, St. Catharines benefits from its proximity to the thriving tourism industry in Niagara Falls and Niagara-on-the-Lake. The city is conveniently located just off the QEW highway, attracting a large number of visitors. With over 13 million annual visitors, the region boasts an extensive array of amenities, including 150 hotels and motels, more than 90 wineries, over 40 golf courses, 2 casinos, and 40,000 jobs in the tourism industry. This robust tourism sector generates over $2.4 billion in annual spending, positively impacting the local real estate market.

Connectivity and Education

St. Catharines enjoys excellent connectivity with various transportation options available. The city is serviced by the QEW, Highway 406, Highway 81, GO Transit, Niagara Region Bus, four international border crossings, and three international airports within a 100 km radius. Furthermore, St. Catharines’ connectivity is set to improve further as GO Transit expands its service from St. Catharines to downtown Toronto’s Union Station, enhancing travel accessibility throughout southern Ontario.

Reputable Developer

Sphere Developments, founded by a team of industry leaders with a forward-thinking vision, distinguishes itself as a standout development company. With a dedicated focus on identifying and developing properties with enduring appeal, Sphere takes a comprehensive approach to home building.

Project Details

eveloper: Sphere Developments
Address: 16 Melbourne Ave, St. Catharines
Nearest Intersection: Westchester Cres & Oakdale Ave
Pricing: Starting From The $500s
Occupancy: Spring 2025
Number of Homes: 104 Stacked Towns – 3 Levels
Home Type: Two Bedroom – Three Bedroom + Den Stacked Towns
Square Footage: 856 sq ft – 1,267 sq ft
Maintenance Fees: Approx. $0.16/sq ft (Includes landscaping, waste removal, snow removal // Excludes hydro, water, internet, and cable)
Deposit Structure: $5,000 on Signing // Balance to 5% in 30 days // 5% on January 15, 2024 // 5% on January 15, 2025 // 5% on Occupancy
Incentives*: VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Charges & Education Levies (2 Bed, 2 Bed + Den & 2 Bed + Study: $5,000 // 3 Bed, 3 Bed + Den & 3 Bed + Study: $7,000), Capped Meters, $0 Assignment Fee (Valued at $10,000), Property Management & Leasing Services Available, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements, $5,000 Decor Credit, Right to Lease During Interim Occupancy, $15,000 Off the Price of Regular Parking (~~$30,000~~ $15,000), $25,000 Off the Price of Tandem Parking (~~$50,000~~ $25,000)