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250 Grantham Avenue St. Catharines, Ontario L2M 4Z5

5 Bedroom 3 Bathroom 3004 sqft
Bungalow Central Air Conditioning Forced Air

$749,900

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* (id:63008)

Property Details

MLS® Number 40818053
Property Type Single Family
Neigbourhood Grantham
AmenitiesNearBy Park, Place Of Worship, Public Transit, Schools, Shopping
Features Sump Pump
ParkingSpaceTotal 6

Building

BathroomTotal 3
BedroomsAboveGround 4
BedroomsBelowGround 1
BedroomsTotal 5
ArchitecturalStyle Bungalow
BasementDevelopment Finished
BasementType Full (finished)
ConstructedDate 1957
ConstructionStyleAttachment Detached
CoolingType Central Air Conditioning
ExteriorFinish Brick, Vinyl Siding
FoundationType Poured Concrete
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 1
SizeInterior 3004 Sqft
Type House
UtilityWater Municipal Water

Land

AccessType Road Access
Acreage No
LandAmenities Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
SizeDepth 173 Ft
SizeFrontage 64 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription R1

Rooms

Level Type Dimensions
Basement Storage Measurements not available
Basement Utility Room 7'10'' x 11'0''
Basement Laundry Room 5'7'' x 5'6''
Basement 4pc Bathroom 6'4'' x 9'1''
Basement Bedroom 11'8'' x 14'8''
Basement Kitchen 14'10'' x 8'0''
Basement Living Room 29'10'' x 15'0''
Basement Laundry Room 14'11'' x 8'10''
Basement Recreation Room 27'6'' x 14'5''
Main Level 3pc Bathroom 8'11'' x 5'6''
Main Level Bedroom 14'4'' x 7'10''
Main Level Eat In Kitchen 14'4'' x 14'3''
Main Level 4pc Bathroom 8'0'' x 7'4''
Main Level Bedroom 11'1'' x 10'1''
Main Level Bedroom 11'4'' x 14'3''
Main Level Bedroom 14'2'' x 9'8''
Main Level Eat In Kitchen 18'7'' x 11'9''
Main Level Living Room 18'5'' x 16'7''

https://www.realtor.ca/real-estate/29572069/250-grantham-avenue-st-catharines

John Paul Gulbis
Salesperson


Rock Star Real Estate Inc.
418 Iroquois Shore Road
Oakville, Ontario L6H 0X7

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