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Listed 14 days ago

42 Union Street

458 - Western Hill, St. Catharines

$349,900

Detached|1 1/2 Storey
3 | 1 | 2
About this home

Approved shovel-ready triplex development opportunity in St. Catharines! Calling all investors,builders, and savvy buyers. This is a rare chance to begin construction immediately with anapproved triplex permit already in hand, avoiding months of planning delays and significantsoft costs. Plans are completed for approximately 3,900-4,000 sqft of total build, designed asthree self-contained residential units featuring efficient layouts, multiple washrooms, andmodern exterior elevations tailored for strong rental appeal. Ideal for investors seekinglong-term hold cash flow, a BRRRR strategy, or builders looking for a ready-to-go project withapprovals secured and equally attractive for a buyer looking to live in one unit and rent theother two for supplemental income. Situated in a desirable neighbourhood close to schools,Montessori and childcare centres, parks, public transit, shopping, and everyday amenities, withconvenient access to downtown St. Catharines, Brock University, the Pen Centre, and majorroutes. A turnkey multi-unit opportunity in a growing rental market.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$2,875
Lot Size38.48 ft x 155.24 ft
mls© NumberX13791532
Listed ByTHE CANADIAN HOME REALTY INC.

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%
$1,791
Property tax
$240
Heat allowance
$150
Housing costs
$2,181 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $69,980
25-yr amortization

Income needed

$67,000

gross annual household income

Payment at 4%
$1,472 / mo
Cash down
$69,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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