264 Grantham Avenue Unit 507, St. Catharines

Price: $259,900

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: X13166710

Newly Updated unit with balcony. Kitchen features quartz counters, double sink, new fridge and stove. On breaker panel. One of the most affordable condos building in the city. Condo fees $479/month include all utilities: heat, hydro and water, also one assigned parking (#72), building insurance, building and exterior maintenance. A second parking may be rented from another owner at around $40 a month. Well kept building. The building offers 2 elevators, entrance lobby, laundry room and security cameras. Brand new windows 2022. On bus route. Quick and easy access to QEW. Near great shopping and amenities; Walmart, Canadian Tire, No Frills, Fresco, Shoppers Drug Mart, the Wine rack, The Beer store, gas stations, the popular St. Josephs Bakery.

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$259,900 - 264 Grantham Avenue Unit 507, St. Catharines

Condo for Sale in St. Catharines

1Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
X13166710
Property Type
Condo
Status
active
Days on Site
20
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
St. Catharines
Locker
Ensuite
Exposure
North West
Balcony
Open
Listing Brokerage
ROYAL LEPAGE NRC REALTY
Description

Newly Updated unit with balcony. Kitchen features quartz counters, double sink, new fridge and stove. On breaker panel. One of the most affordable condos building in the city. Condo fees $479/month include all utilities: heat, hydro and water, also one assigned parking (#72), building insurance, building and exterior maintenance. A second parking may be rented from another owner at around $40 a month. Well kept building. The building offers 2 elevators, entrance lobby, laundry room and security cameras. Brand new windows 2022. On bus route. Quick and easy access to QEW. Near great shopping and amenities; Walmart, Canadian Tire, No Frills, Fresco, Shoppers Drug Mart, the Wine rack, The Beer store, gas stations, the popular St. Josephs Bakery.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,333.42/mo

Includes CMHC insurance ($7,251)

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5%10%50%

5-yr fixed avg.

Principal: $233,910Interest: $158,865
Mortgage Amount$241,161
Total Interest$158,865
Est. Property Tax$184/mo
Total Cost$400,027

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

264 Grantham Avenue Unit 507, St. Catharines

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
5.7%
Good

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$325
Property Tax (est.)-$184
Insurance (est.)-$54
Net Cash Flow+$1,237

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 $520/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 20 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.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 500 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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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    264 Grantham Avenue Unit 507, S… — $259,900 | Battaglia Team