Address
59 Parker Street, St. Catharines (Western Hill), ON
Price
$ 569,900
Property Attributes
  • ID#X13778162
  • TypeSingle Family
  • Listing Status Active
  • MunicipalitySt. Catharines (Western Hill)
  • CitySt. Catharines (Western Hill)
  • Neighbourhood458 - Western Hill
  • Postal CodeL2S 1W1
  • StyleSingle Family Dwelling
  • Price$ 569,900
  • Bedrooms3+4
  • Bathrooms2
  • Half Bathrooms1
  • Sqr Footage1500
Data Source:
RLP - CREA EN
Property Description

Here's your next investment opportunity! This turn-key student rental already generates $4,238.42 per month with 6 tenants on one lease through April 30, 2027, lining up nicely with the typical summer student changeover. Built in 2004, this all-brick raised bungalow offers approximately 2,500 sq. ft. of finished living space and a layout that works extremely well for student living. The home has 7 bedrooms, with the potential for an 8th, plus 2.5 bathrooms, large bedrooms with closets, plenty of storage, and oversized lower-level windows that bring in great natural light. The main floor features an open-concept layout, spacious kitchen, dedicated laundry area and access to the backyard, while the finished lower level includes a second kitchen setup and additional living space. The double-car garage is another major bonus, providing extra storage and additional space for tenants to use. Set on a quiet street, the location checks the right boxes with easy access to Brock University, public transit, downtown amenities, restaurants, shopping and everyday conveniences. The property is professionally managed by a reputable local property management company, making this a straightforward addition to an investment portfolio. With its bedroom count, existing rental income and strong demand for student housing, this property offers income potential that can be difficult to match with a traditional single-family rental. The tenants are already in place, the lease is secured, and the property is set up for its intended use. Whether you're adding to an existing portfolio or looking for your first student rental, this one is worth a closer look. 24 hours' notice is required for all showings.

General Features

Zoning R2
Terms SALE
Neighbourhood 458 - Western Hill
Construction Style Detached
Property Sub Type Single Family
jumpId 29195165
Property Subtype French Single Family Dwelling
Listing Type French House
MLS X13778162
Appliances Water meter, Dishwasher, Dryer, Stove, Washer, Refrigerator
Architectural Style Raised bungalow
Building Type House
Property Type Single Family
Sewer Sanitary sewer

Interior Features

Living Area Range 1500 sqft
Bedrooms 3+4
Basement Finished
Basement Type N/A
Cooling Type Central air conditioning
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air
Beds 7
Total Baths 2+1
Total Baths 2+1
Total Half Baths 1

Exterior Features

Parking Type Attached garage, Garage

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in L2S 1W1

Price
AVG $570K
$570K