$665,000

For sale

54 CHESTNUT Street East, St. Catharines - Single Family for Sale

54 CHESTNUT Street East, St. Catharines, Ontario, L2T1H1

5 beds2 baths6 parking3,374 ft²Listed 62 days ago

Overview

This 5-bedroom, 2-bathroom home in St. Catharines is for sale offering roughly 3,374 sq ft of space. It has been on the market 62 days, fresher than the St. Catharines average of 70 days.

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Description

Turnkey duplex with value-add potential! This well-maintained income property features two self-contained units: a 3-bedroom main-floor suite and a 2-bedroom upper suite. Generating rental income from day one, the property also offers a full unfinished basement with a separate entrance and impressive 10-foot ceilings, creating exciting possibilities for future expansion. Set on a generous lot with rear lane access, this property offers a unique opportunity for investors seeking growth, additional income potential, or future redevelopment. Centrally located near shopping, schools, transit, and all downtown St. Catharines amenities. Whether you're looking to expand your portfolio or live in one unit while renting the other, this property checks all the boxes. (id:66096)

Property Details

MLS®: 40860850
Property Type: Single Family
Zoning: R2
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 6
Interior Size: 3,374 ft²
Frontage: 66 ft
Year Built: 1880
Storeys: 1
Style: Other
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Open
Ownership: Freehold
Property Tax

Rooms

Basement

Other: 26'7'' x 15'8''
Other: 24'8'' x 14'2''
Bonus Room: 10'6'' x 24'3''

Second level

Bedroom: 11'2'' x 9'4''
Primary Bedroom: 11'5'' x 9'5''
Kitchen: 9'11'' x 9'10''
4pc Bathroom: 9'0'' x 5'5''
Living room: 13'0'' x 11'10''

Main level

Foyer: 6'6'' x 6'1''
Laundry room

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Exterior: Vinyl siding
Lot Features: Southern exposure, Sump Pump

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

62d

St. Catharines listings, avg age

70d

Price / ft²

$197

List price

$665K

Haho

This 5-bed single family in St. Catharines has been listed for 62 days, which is 8 days fresher than the city average of 70. Act while there is still low competition.

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Listed by Revel Realty Inc. · Sara Atkinson

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2T)

This home lists at $665,000, about 8.9× the local median household income of $74,500.

Carrying it typically needs a household income of about $129,898 (20% down, 25-yr amortization, stress-tested) — roughly 74% above the area median.

Median household income: $74,500
Population: 11,401
Median age: 42
Owner / renter: 67% / 33%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L2T)

$665,000· $197/ft²

For sale

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Full Cost Breakdown

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Down Payment6.24% · $41,500

Min 6.24%50%

Mortgage payment$3,457/mo

↳ CMHC premium ($24,940 capitalized)

Property tax (est.)$422/mo

Total monthly$3,879

Cash Needed to Close

Down payment (6.24%)$41,500

Land transfer tax$9,775

Est. closing costs$4,495

Total cash needed$55,770

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