18 Phelps Street, St. Catharines, ON
L2P 2H4
Listed November 3, 2026
About this property
**Prime Development Opportunity - Exceptional Investment Potential**Rare opportunity to acquire a strategically located development property with significant upside potential. This site offers the possibility to develop approximately **4 to 6 townhouse units, 2 detached or 4 semi-detached homes** (subject to municipal approvals and due diligence), making it an ideal project for builders, developers, and investors seeking to capitalize on the growing demand for quality residential housing. ***The property can be set up as 2 lots of 65.5' x 133' or combine into one large parcel of 130.90' x 133'.*** The property features a desirable location with convenient access to schools, shopping, parks, major transportation routes, and community amenities. Its configuration and size provide excellent flexibility for a townhouse development while maximizing land utilization and future value.Whether you're looking to expand your development portfolio or undertake your next residential project, this property presents an outstanding opportunity to create modern, high-demand housing in a sought-after area. Opportunities of this nature are increasingly difficult to find-don't miss your chance to secure a promising development site with substantial future potential. (The existing property is being sold in "as is, where is" condition, with no representations or warranties by the Seller.)
Features
Property Details
Listing
Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 18 Phelps Street — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$199,600 · Minimum $74,800
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2025 tax bill).
Leave at $0 if there isn't one.
Typical for this kind of home.
Hydro, heating, water and sewer.
About 1% of the price a year, set aside.
One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$6,026/mo
About $72,312 a year
- $4,414
- $325
- Home insurance$125
- Utilities$330
- Maintenance & repairs$832
Cash needed to close
- Down payment (20%)
- $199,600
- Ontario land transfer tax
- $16,435
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $218,535
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
18 Phelps Street, St. Catharines, ON
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Last Updated: November 3, 2026
Listing Office: RE/MAX NIAGARA REALTY LTD, BROKERAGE
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