$1,029,900
St. Catharines
16 FOREST HILL Road, St. Catharines, Ontario, L2R3T7
This multi-family property 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.
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)
Features and services as supplied by the listing brokerage.
Extended: 40 days on market, against an average age of 70 days across the listings currently for sale in this city
This 8-bed multi-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.
Approximate location — exact address confirmed upon showing
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.
Source: Statistics Canada, 2021 Census (FSA L2R)
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