$724,900 - 250 Grantham Avenue, St. Catharines
Multi-Family for Sale in St. Catharines
72 days on market- MLS Number
- X12970760
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 72
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- St. Catharines
- Listing Brokerage
- ROCK STAR REAL ESTATE INC.
Rare opportunity to purchase a FULLY LEGAL, TURN-KEY THREE UNIT property with excellent cash flow potential. The home is attractive to investors looking to add to their portfolio or for buyers looking for a house hack opportunity where they live in one unit and rent out the others. Two of the three units will be vacant as of May 1st, allowing you to set market rent and choose your tenants. All three of the units are well-maintained and offer functional layouts, in-suite laundry, full kitchens separate hydro and large windows that make the spaces bright and inviting. >> MAIN FLOOR UNIT (#1) - Currently occupied at $1,995 + hydro. Spacious 3 bedroom, 1 4PC bath unit with updated kitchen appliances and vinyl flooring installed throughout in 2023 (*carpets have just been laid over top by tenant to protect floors). >> BACK UNIT (#2) - Vacant May 1st. Rented @ $1,645 + Hydro. 1 bedroom, 1 3PC bath with private basement rec-room and storage area. >> BASEMENT UNIT (#3) - Vacant. Previously rented for $1,575 + Hydro. Inviting 1 bedroom, 1 4PC bath. Additional income includes $50/month mailbox rental. As an added bonus, the home sits on a generous 172 ft deep lot with double wide concrete driveway accommodating up to 6 vehicles. All legal unit work was completed in 2021 through a thorough renovation process that was permitted and inspected by the city of St. Catharines. Recent updates include: Separate hydro and electrical upgrades throughout (2021). Sonopan soundproofing between units & subfloor in unit #1 (2023). Double-layer fire-rated drywall in basement ceiling (2021). Attic spray foam insulation (2023). Sump Pump (2023). New Vinyl Plank floors in unit #1 (2023). Exterior Paint (2023). Windows in unit #1 (2023). Various plumbing upgrades (2021 & 2023). Located within walking distance to transit, parks, and daily amenities. RSA*
Estimate your monthly payments for this property
Estimated Payment
$3,719.11/mo
Includes CMHC insurance ($20,225)
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.
250 Grantham Avenue, 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 $483/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 72 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.
Excellent Flexibility
With 5 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 3 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 $3,020 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.