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461 - Glendale/Glenridge, St. Catharines
$519,900
Here's a turn-key student rental in one of the most convenient locations you could ask for! Just steps from the Pen Centre and surrounded by shopping, restaurants, everyday amenities and public transit, 123 Jacobson Avenue puts students right where they want to be, with Brock University just minutes away. This well-maintained bungalow offers 5 bedrooms, 2 full bathrooms and a practical layout designed for comfortable off-campus living. The property is fully rented, with all tenants on one lease running through April 30, 2027, currently generating $3,246 per month, inclusive. Professionally managed and consistently in demand, this is a straightforward opportunity for an investor looking to step into an established rental and start collecting revenue from day one. Inside, the main level features hardwood flooring, while the lower level has been updated with new vinyl plank flooring. The basement bedrooms each feature egress windows, and the home offers good-sized bedrooms, functional common areas and a separate rear entrance. Outside, there's ample driveway parking along with additional free street parking. With its proximity to Brock University, transit and one of St. Catharines' largest shopping and amenity hubs, the location is a major part of what makes this property work so well as a student rental. A solid addition to an investment portfolio with tenants and professional management already in place. 24 hours notice required for all showings.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,780 |
| Lot Size | 60 ft x 108 ft |
| mls© Number | X13791218 |
| Listed By | EXP REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,661
- Property tax
- $315
- Heat allowance
- $150
- Housing costs
- $3,126 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$96,000
gross annual household income
- Payment at 4%
- $2,188 / mo
- Cash down
- $103,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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