07/01/2026
Lot 1 - FIVEPLEX PRICE REDUCTION - Lot 1 - 22 Alma St.
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.
Important: Rebate amounts are estimates only and may vary based on final valuation, unit allocation, and purchaser eligibility. The PBRH rebate applies to the federal portion of GST only, while the Ontario rebate is subject to separate program rules and limits.
Purchasers are strongly encouraged to consult with a qualified legal or tax professional to confirm eligibility and ensure compliance with all program requirements.
For more information, please see:
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/gst-hst-rebates/purpose-built-rental-housing.html
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4231/gst-hst-new-residential-rental-property-rebate.html
1 - 22 ALMA STREET, Kincardine, Ontario N0G2T0