6-8 Academy Street

Disclaimer: Please note: All dates, timelines and anticipated work noted below is subject to change without notice and is to be viewed as informed estimations only made as of April 9, 2026

Development History

January 27th, 2025 – City Council approved the sale of of the property to the MDC.
September 22, 2025 – Shareholders approved Joint Venture (JV) and Shareholder Loan.

Current Use of Land

Unoccupied former City Facility
Was previously used for St. Catharines Fire Prevention
Existing Building will be demolished as part of development

Expected Property Information

30 Residential Rental Units
14 Parking Spaces
25% of units to be affordable under CMHC as per CMLI Select Program

Completed Work and Expected Milestones 2026
(subject to change)

Q1

Q2

Q3

Q4

Demolition Permit received
Pre-Con completed
Construction financing secured
Site Plan / CIP submitted (April 7)

Demolition
Building Permit Issuance
Building construction commences at factory

Construction continues at factory and on-site
Submit CMHC/CMLI application

Completion of construction at factory and on-site
Occupancy Permit obtained
CMHC/CMLI T/O Financing to be secured.

Q1

Demolition Permit received
Pre-Con completed
Construction financing secured
Site Plan / CIP submitted (April 7)

Q2

Demolition
Building Permit Issuance
Building construction commences at factory

Q3

Construction continues at factory and on-site
Submit CMHC/CMLI application

Q4

Completion of construction at factory and on-site
Occupancy Permit obtained
CMHC/CMLI T/O Financing to be secured.

Glossary of Common Development Terms & Acronyms

APS: Agreement of Purchase and Sale
CIP: Community Improvement Plan
CMHC: Canadian Mortgage Housing Corporation
CMLI: CMHC Multi-Unit Loan Insurance
ESA: Environmental Site Assessment
JV: Joint Venture
Pre-Con: Pre-Construction Meeting with City Planning Dept.
R-Plan: Registered Plan
RSC: Record of Site Condition
T/O Financing: Take-out Financing (payout construction financing)
VTB: Vendor Take-Back