$1,029,900

For sale

16 FOREST HILL Road, St. Catharines - Single Family for Sale

16 FOREST HILL Road, St. Catharines, Ontario, L2R3T7

8 beds3 baths3 parking2,821 ft²Listed 40 days ago

Overview

This 8-bedroom, 3-bathroom home in St. Catharines is for sale offering roughly 2,821 sq ft of space. It has been on the market 40 days, fresher than the St. Catharines average of 70 days.

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Description

INVESTORS & TENNIS ENTHUSIASTS, A MUST SEE UNIQUE LIVE-IN INVESTMENT OPPORTUNITY! Ever dream of having a private tennis court in your backyard? Welcome to 16 Forest Hill Rd, an incredible investment property that is a legal TRIPLEX with 6 Tenants generating great, reliable income! Rare and unique opportunity to live in sought-after Old Glenridge on a 200ft deep lot in a park-like setting, surrounded by large trees, deep properties and blue skies. Very minimal outdoor maintenance and no grass to cut. Official sized tennis court made of turf (simulated grass) that is easy to maintain. Fantastic central location just steps to the bus route, highways, stores, schools, parks and all of your needs. Ideal for Brock and Niagara College students. Earn extra income with coin-operated washing machines. Live in your separate 2nd level Studio Unit with gas fireplace, balcony, covered patio and official sized tennis court on your property. Long concrete driveway fits 3 cars (or more on patio) with 24/7 street parking available. Over 2,700sq ft of living space, 2 separate hydro meters and separate entrances to all 3 units. 2nd Unit on Main level offers 4 bedrooms, full kitchen, bathroom as well as a 2nd floor lounge and storage area. 3rd Unit on Lower level includes 3 bedrooms, full kitchen, bathroom and lounge area. Many updates throughout as this triplex is move-in ready. Be the one to take advantage of this fantastic opportunity to live in this prestigious neighbourhood, while playing tennis in this beautiful setting and earning steady, lucrative income each year. This is your chance to see what 16 Forest Hill Rd has to offer for your improved lifestyle and profits! (id:66096)

Property Details

MLS®: 40866584
Property Type: Single Family
Zoning: R2
Bedrooms: 8
Beds (above / below): 5 above · 3 below
Bathrooms: 3
Parking: 3
Interior Size: 2,821 ft²
Frontage: 40 ft
Year Built: 1949
Storeys: 2
Style: Other
Basement: Finished, Full
Heating: Forced air
Cooling: Central air conditioning
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Second level

Laundry room
3pc Bathroom
Bedroom: 9'6'' x 11'0''
Kitchen/Dining room: 9'6'' x 13'0''
Living room: 10'0'' x 14'0''
Living room: 13'0'' x 16'0''

Basement

Laundry room: 4'0'' x 5'0''
Storage: 4'0'' x 10'0''
Bedroom: 9'0'' x 11'0''
Bedroom: 10'0'' x 12'4''
Bedroom: 9'0'' x 26'0''

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Microwave
Foundation: Block
Exterior: Brick, Stucco, Vinyl siding
Lot Features: Laundry- Coin operated

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Natural Gas, Electricity, Cable, Telephone

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

St. Catharines listings, avg age

70d

Price / ft²

$365

List price

$1.03M

Haho

This 8-bed single family in St. Catharines has been listed for 40 days, which is 30 days fresher than the city average of 70. Act while there is still low competition.

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Listed by Royal LePage State Realty Inc. · Kosi Baotic

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2R)

This home lists at $1,029,900, about 16.8× the local median household income of $61,200.

Carrying it typically needs a household income of about $201,176 (20% down, 25-yr amortization, stress-tested) — roughly 229% above the area median.

Median household income: $61,200
Population: 25,558
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA L2R)

$1,029,900· $365/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.57% · $77,990

Min 7.57%50%

Mortgage payment$5,278/mo

↳ CMHC premium ($38,076 capitalized)

Property tax (est.)$517/mo

Total monthly$5,795

Cash Needed to Close

Down payment (7.57%)$77,990

Land transfer tax$17,073

Est. closing costs$5,590

Total cash needed$100,653

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