HN
247 Grantham Avenue, St. Catharines, ON L2M 4Z6, St. Catharines, ON
+19 photos
$500,000

247 Grantham Avenue, St. Catharines, ON L2M 4Z6, St. Catharines, ON

St. Catharines, ON L2M 4Z6
3 beds 2 baths Detached

About this home

Welcome to 247 Grantham. This solid brick bungalow, built in 1966 and proudly owned by the same family ever since, presents an excellent opportunity for investors or buyers looking to offset their mortgage with rental income. Offering nearly 1,300 sq ft on the main level plus an additional 1,250 sq ft in the basement, this home is well laid out for a potential two-unit configuration and features radiant heat-ideal for people with allergies. The main floor features a spacious living room, kitchen and dining area, three generously sized bedrooms, and a full 4-piece bathroom. Lovingly owned by the same family since 1966, this home provides a solid foundation for those looking to modernize and build additional value. A separate side entrance and direct garage access to the basement create strong in-law or duplex potential. The lower level already includes a kitchen area and offers the space needed to configure a second unit, making this an ideal setup for extended family or income generation. Conveniently located just a 2-minute walk to transit and a 5-minute drive to grocery stores, Walmart, Canadian Tire, and everyday amenities along Welland Avenue. Outside, enjoy a good-sized backyard, parking for three vehicles in the driveway, and one in the attached garage. Whether you're looking to add to your portfolio or create a property that helps offset your monthly expenses, this is a fantastic opportunity in a convenient location.

Property Score

62/ 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
73% 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
-$960/mopoor
Estimated -$960/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
3.31%good
Net operating income divided by purchase price.
Basement Suite Potential
Buildablegreat
Strong potential for a legal basement suite - could add ~$1,380/mo.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13063834
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.