247 Grantham Avenue, St. Catharines

Price: $459,000

3 bedrooms, 2 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: X13063834

Welcome to 247 Grantham. This solid brick bungalow, built in 1966 and proudly owned by the same family ever since, presents an excellent opportunity for investors or buyers looking to offset their mortgage with rental income. Offering nearly 1,300 sq ft on the main level plus an additional 1,250 sq ft in the basement, this home is well laid out for a potential two-unit configuration and features radiant heat-ideal for people with allergies. The main floor features a spacious living room, kitchen and dining area, three generously sized bedrooms, and a full 4-piece bathroom. Lovingly owned by the same family since 1966, this home provides a solid foundation for those looking to modernize and build additional value. A separate side entrance and direct garage access to the basement create strong in-law or duplex potential. The lower level already includes a kitchen area and offers the space needed to configure a second unit, making this an ideal setup for extended family or income generation. Conveniently located just a 2-minute walk to transit and a 5-minute drive to grocery stores, Walmart, Canadian Tire, and everyday amenities along Welland Avenue. Outside, enjoy a good-sized backyard, parking for three vehicles in the driveway, and one in the attached garage. Whether you're looking to add to your portfolio or create a property that helps offset your monthly expenses, this is a fantastic opportunity in a convenient location.

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$459,000 - 247 Grantham Avenue, St. Catharines

Detached for Sale in St. Catharines

50 days on market
3Beds
2Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
X13063834
Property Type
Detached
Status
active
Days on Site
50
Bedrooms
3
Bathrooms
2
Square Feet
1,100 - 1,499 sqft
Neighbourhood
St. Catharines
Listing Brokerage
RE/MAX HENDRIKS TEAM REALTY
Description

Welcome to 247 Grantham. This solid brick bungalow, built in 1966 and proudly owned by the same family ever since, presents an excellent opportunity for investors or buyers looking to offset their mortgage with rental income. Offering nearly 1,300 sq ft on the main level plus an additional 1,250 sq ft in the basement, this home is well laid out for a potential two-unit configuration and features radiant heat-ideal for people with allergies. The main floor features a spacious living room, kitchen and dining area, three generously sized bedrooms, and a full 4-piece bathroom. Lovingly owned by the same family since 1966, this home provides a solid foundation for those looking to modernize and build additional value. A separate side entrance and direct garage access to the basement create strong in-law or duplex potential. The lower level already includes a kitchen area and offers the space needed to configure a second unit, making this an ideal setup for extended family or income generation. Conveniently located just a 2-minute walk to transit and a 5-minute drive to grocery stores, Walmart, Canadian Tire, and everyday amenities along Welland Avenue. Outside, enjoy a good-sized backyard, parking for three vehicles in the driveway, and one in the attached garage. Whether you're looking to add to your portfolio or create a property that helps offset your monthly expenses, this is a fantastic opportunity in a convenient location.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,354.91/mo

Includes CMHC insurance ($12,806)

$
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5%10%50%

5-yr fixed avg.

Principal: $413,100Interest: $280,566
Mortgage Amount$425,906
Total Interest$280,566
Est. Property Tax$325/mo
Total Cost$706,472

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.

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Neighbourhood Guide: St. Catharines

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

247 Grantham Avenue, St. Catharines

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
6.2%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$325
Insurance (est.)-$96
Net Cash Flow+$2,379

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $417/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.

Negotiation Opportunity

At 50 days on site, this property has exceeded the typical selling timeline for St. Catharines. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Detached Home Advantages

Detached homes in St. Catharines are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    247 Grantham Avenue, St. Catharines | $459,000 | Battaglia Team