83 Carlton Street, St. Catharines (Haig), Ontario, L2R1R1

For sale

14 days ago

$900K

83 Carlton Street, St. Catharines (Haig), Ontario, L2R1R1

8 bd4 ba8 pk1,750 ft²Lot size 45 × 181 ft (8,123 sq ft)

Listed by RE/MAX ACE REALTY INC.

106 Haig Street, St. Catharines (Haig), Ontario, L2R6L2

For sale

21 days ago

$460K

106 Haig Street, St. Catharines (Haig), Ontario, L2R6L2

4 bd2 ba4 pk1,300 ft²Lot size 42 × 110 ft (4,620 sq ft)

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

Investment analysis

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$475,000

St. Catharines

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$475,000

For sale

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4 Manchester Avenue, St. Catharines (Haig) - Multi-family for Sale

4 Manchester Avenue, St. Catharines (Haig), Ontario, L2R1N8

5 beds3 baths3 parking1,300 ft²35 × 145 ft (5,075 sq ft) lot sizeListed 12 days ago

Overview

This multi-family property in St. Catharines is for sale offering roughly 1,300 sq ft of space. It has been on the market 12 days, fresher than the St. Catharines average of 60 days.

Multi-Family Properties for Sale in St. Catharines →All real estate in St. Catharines →

Description

Turnkey Triplex with Strong Cash Flow Just Minutes from Downtown St. Catharines. Fully tenanted and well-maintained, this income-generating property features three all-inclusive units: two spacious 2-bedroom units and one 1-bedroom unit, each with its own 4-piece bathroom. The upper and lower units were extensively renovated in 2020 with updated kitchens, bathrooms, flooring, appliances, and fresh paint. Additional improvements include newer second-floor windows and a sump pump, both installed in 2020, helping minimize future maintenance costs. Conveniently located near downtown, transit, shopping, restaurants, parks, and other amenities, the property benefits from strong rental demand and immediate cash flow. An excellent opportunity for investors seeking a turnkey asset or first-time buyers looking to significantly offset their mortgage with rental income. (id:66096)

Property Details

MLS®: X14112504
Property Type: Multi-family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 3
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 35 × 145 ft (5,075 sq ft)
Frontage: 35 ft
Storeys: 2
Basement: Finished, Apartment in basement, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Window air conditioner
Garage: No Garage
Property Tax: $3,321/yr
Listed: 12 days ago

Features

Foundation: Block
Exterior: Vinyl siding
Lot Features: Sump Pump

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

St. Catharines (Haig) listings, avg age

60d

Price / ft²

$365

List price

$475K

Haho

This 5-bed multi-family in St. Catharines (Haig) has been listed for 12 days, which is 48 days fresher than the city average of 60. Act while there is still low competition.

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Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE · Rob Vettese

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2R)

This home lists at $475,000, about 7.8× the local median household income of $61,200.

Carrying it typically needs a household income of about $92,784 (20% down, 25-yr amortization, stress-tested) — roughly 52% 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)

$475,000· $365/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,750

Min 5%50%

Mortgage payment$2,502/mo

↳ CMHC premium ($18,050 capitalized)

Property tax (est.)$277/mo

Total monthly$2,779

Cash Needed to Close

Down payment (5%)$23,750

Land transfer tax$5,975

Est. closing costs$3,925

Total cash needed$33,650

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