Nipawin.com - Available Land

Incentive Programs for Residential Construction
Three Full Years No Tax Incentive Program for New Coventry Cresent Subdivision
The Town of Nipawin is proud to announce the a new residential development program. In order to prepare for future subdivision development, the Town of Nipawin has limited lots available in Coventry Crescent Phase I, II, and III available for purchase. The Town of Nipawin will cancel all property taxes, both municipal and school taxes, on the land and improvments for three (3) years to purchasers of residential property in Phase I, II, and III of the Coventry Crescent Subdivision. The tax incentive is applicable on lots purchased between April 9, 2007 and December 31, 2010. We invite newcomers and longtime residents to take part in this program building Nipawin's newest neighbourhood.

-- Purchaser must submit an approved building plan and obtain the required building permit within 12 months of the date of purchase. Residential units must be completed and ready for occupancy within two years of the date of final purchase of the lot.

Program details and information are available here.

Information on lot availability in Coventry Crescent is available online.

For further information on this or other Nipawin development policies, contact us.

Replacement Housing Program Policy
The following replacement housing program has been implemented to stimulate new housing in mature areas of the community.

Properties with an existing house that will be demolished and a new single family or duplex residential house constructed on the same location are eligible for the program. Taxes on the land are not eligible for the exemption.
Demolition and building permits must normally be approved simultaneously, and construction must be substantially complete within two (2) years.
Upon certification from the Town's Building Inspector that the house is substantially complete, approved applicants for this incentive will receive tax exemptions as follows:
- 100%, beginning in the first full year of taxes after the house is ready for occupancy. The taxes on the old house will be cancelled from the date the house is demolished.
- 75% in year two.
- 50% in year three.
- 25% in year four.
- Development will be declared to be for economic development purposes in accordance with The Tax Enforcement Act. Both the municipal and school tax will be cancelled.
The house must be substantially complete within two (2) years of the initial application for a building permit.
Ready-to-move houses are eligible for this program.
The tax exemption agreement is transferable to a new owner who purchases the property before the expiration of the exemption period.
Additional assessment added to the original property, such as basement rooms, will receive the tax exemption for the remaining period of the exemption.
Taxes must be kept current. If property goes into arrears the agreement to provide tax exemptions shall become null and void.

Infill Lot Incentive Plan Policy
The following is an infill lot incentive plan to stimulate development on vacant lots in established areas.

The infill policy for development of new housing in established areas shall apply to Town and private vacant lots that have been serviced with water and sewer. Serviced means that water and sewer mains are installed in the street abutting the lots. Taxes on the land are not eligible for the exemption.
Upon certificatoin from the Town's Building Inspector that the house is substantially complete, approved applicants for this incentive will receive tax exemptions as follows:
- 100%, beginning in the first full year of taxes after the house is ready for occupancy.
- 75% in year two.
- 50% in year three.
- 25% in year four.
- Development will be declared to be for economic development purposes in accordance with The Tax Enforcement Act. Both the municipal and school tax will be cancelled.
Ready-to-move houses are eligible for this program.
The tax incentive shall be transferable to a new registered owner who purchases the property before the expiriation of the incentive period.
Taxes must be kept current. If property goes into arrears the agreement to provide tax exemptions shall become null and void.

Multi Unit Housing Incentive Policy
The following is a multiple unit housing incentive plan to stimulate housing expansion through new duplex, dwelling group, condominium, and multiple-unit housing development within the Town of Nipawin.

Any development of a duplex will qualify for the following incentives and tax exemptions:
- 100% tax exemption on each individual unit (until one or more units is occupied or sold)
- Developer will receive $1500 per unit from the Town of Nipawin
Any development of a condominium will qualify for the following incentives and tax exemptions:
- 100% tax exemption on each individual unit (until each unit is sold or occupied)
- Developer will receive $1500 per unit from the Town of Nipawin
100% tax exemption is available for a period of up to two (2) years after construction completion.
The exemption applies only to the improvements. The land portion of the assessment remains taxable.
Application for the incentive must be made prior to construction.
This incentive may not be combined with the “Replacement Housing Program Policy” or the “Infill Lot Incentive Plan Policy”.

Further policy details and information are available here.