$349,900

For sale

8 TASKER Street, St. Catharines - Multi-family for Sale

8 TASKER Street, St. Catharines, Ontario, L2R3Z8

2 beds2 baths2 parking805 ft²Listed 20 days ago

Overview

This multi-family property in St. Catharines is for sale offering roughly 805 sq ft of space. It has been on the market 20 days, fresher than the St. Catharines average of 69 days.

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

Description

Look no further! This front to back 2-unit property provides AMAZING value for a freehold, detached home and a huge opportunity to generate great cash flow. Once an old church, the building has been thoughtfully converted into two charming one-bedroom apartments, each filled with distinctive architectural details that set it apart from standard rentals. Both units are vacant to achieve market rents, providing 2 private parking spots on site with all amenities within walking distance! The unique outbuilding in the rear yard is ready to be used as your imagination desires, whether a short term rental or additional space for the existing units. Great opportunity to live in one unit and rent out the other to build some significant equity. This property is your sign to get into the real estate market and take advantage of entry level pricing! (id:66096)

Property Details

MLS®: 40871637
Property Type: Multi-family
Zoning: R2
Bedrooms: 2
Bathrooms: 2
Parking: 2
Interior Size: 805 ft²
Frontage: 42 ft
Units: 2
Storeys: 1
Basement: None
Heating: Forced air, Natural gas
Cooling: None
Ownership: Freehold
Property Tax: $2,523.81/yr
Listed: 20 days ago

Features

Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

St. Catharines listings, avg age

69d

Price / ft²

$435

List price

$350K

Haho

This 2-bed multi-family in St. Catharines has been listed for 20 days, which is 49 days fresher than the city average of 69. Act while there is still low competition.

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Listed by Royal LePage State Realty Inc. · Mike Heddle

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2R)

This home lists at $349,900, about 5.7× the local median household income of $61,200.

Carrying it typically needs a household income of about $68,348 (20% down, 25-yr amortization, stress-tested) — roughly 12% 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)

$349,900· $435/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,495

Min 5%50%

Mortgage payment$1,843/mo

↳ CMHC premium ($13,296 capitalized)

Property tax (est.)$210/mo

Total monthly$2,053

Cash Needed to Close

Down payment (5%)$17,495

Land transfer tax$3,724

Est. closing costs$3,550

Total cash needed$24,769

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