$949,900 - 17 Hainer Street, St. Catharines
Multi-Family for Sale in St. Catharines
38 days on market- MLS Number
- X13093872
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 38
- Bedrooms
- 12
- Bathrooms
- 4
- Square Feet
- 5,000+ sqft
- Neighbourhood
- St. Catharines
- Listing Brokerage
- COLDWELL BANKER MOMENTUM REALTY, BROKERAGE
Can you hear the GO TRAIN??? The Tenants in This EXTRA EXTRA LARGE LEGAL FOUR UNIT apartment building almost can. The Location for this complex is Fantastic as it is within a short walk of the New Proposed GO TRAIN STATION!! All units are identical layouts of each other and each unit offers a formal Livingroom, a separate Dining room, Kitchen, 4 pc bathroom, 3 good sized bedrooms and outside living space on a pressure treated deck/balcony. This Turn Key investment has huge upside potential. Everything is at your fingertips with a 5 minute walk to downtown St. Catharines with all the many amenities it offers such as shopping, cafes/restaurants/bars, theatre, OHL Hockey, Concerts, Library and the downtown Brock University satellite campus. Schools, parks, hiking trails, nature reserves, and fantastic fishing spots are also all in the immediate neighbourhood. The Via Rail, Go station, city buses & Hwy 406 are just around the corner for the simplest of commutes. This 2 story 4 unit apartment building fronts on two separate roads and offers approximately 160 feet of road frontage which is prime for any future development. All units are currently fully rented. The two main floor Tenants are month to month longer term tenants. All of the units come with a fridge, stove, hardwood flooring and have been refurbished with newer kitchens, 4pc bathrooms and replacement vinyl double-paned windows. Each unit has their own electric breaker panel, electric baseboard heat, hot water heaters (2 are rented and 2 are owned)and separate hydro meters and all Tenants except for one unit pay their own hydro. This is a very easy property to maintain, a fantastic money maker and should not be missed as it will not last. This Turn-Key Investment Is Ready To Generate Income While Providing Incredible Upside For The Future.
Estimate your monthly payments for this property
Estimated Payment
$4,873.48/mo
Includes CMHC insurance ($26,502)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover St. Catharines
St. Catharines is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in St. Catharines
- •Convenient location in St. Catharines
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
St. Catharines offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
17 Hainer Street, St. Catharines
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $190/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 38 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 12 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in St. Catharines.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: St. Catharines properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.