$449,000
18 Merritt Street, St. Catharines, ON L2T 1J3, St. Catharines, ON
St. Catharines, ON L2T 1J3
8 beds 4 baths Fourplex
About this home
Attention developers, investors, renovators, and DIY enthusiasts! 18 Merritt Street is a massive 3,586 square-foot property that has been approved for development into a Legal Fourplex. This is a rare opportunity to hit the ground running, poised to start construction on Day 1! The property has been professionally prepped, stripped to the studs, and is a complete blank slate primed for your custom rebuild. Expand your rental portfolio with this construction-ready gem in the heart of Niagara's largest city, attract premium tenants and set your own market rents. Property sold "as is, where is".
Property Score
65/ 100
Overall Property Score
good
A blend of both buyer and investor metrics.
Score breakdown
Walkability
55/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
60/100good
GO Transit, LRT, and bus access from this neighborhood.
Schools
68/100good
Based on local school rankings (Fraser Institute proxy).
Affordability
66% of city avggreat
Priced below St. Catharines's average of $685,000.
Appreciation Trend
+1.5%/yrgood
St. Catharines has seen +1.5% YoY price change.
Monthly Cash Flow
-$338/mofair
Estimated -$338/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
4.71%excellent
Net operating income divided by purchase price.
Basement Suite Potential
Not viablepoor
This property type typically can't add a basement suite.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X12958544
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.
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