8 PELHAM Road, St. Catharines, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey multiplex located in the coveted neighborhood of 458 - Western Hill. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $649,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 56 x 118 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- equipped with wall unit(s) central cooling and highly efficient radiant heating via other
Description
Attention Investors! Turn-Key Triplex with Expansion Potential in Prime St. Catharines Location! Welcome to 8 Pelham Road, a rare investment opportunity offering immediate cash flow and future growth potential. This fully tenanted triplex features two 1-bedroom units and one spacious 3-bedroom unit, providing stable rental income from day one. What truly sets this property apart is its expansion potential, allowing for the addition of four more units - creating a total 7-unit complex and significantly increasing long-term value and returns. Ideally situated just steps from the vibrant downtown core, this location attracts strong tenant demand with easy access to transit, shopping, restaurants, and amenities. Major updates have already been completed, including a new boiler (2023), roof (2020), and recent updates to all interiors, making this a low-maintenance, investor-friendly asset. Whether you're expanding your portfolio, entering the multi-residential market, or looking for a property with serious upside, this is a rare opportunity to secure a high-potential investment in one of St. Catharines' growing neighbourhoods.
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Pricing & Value Insights
Data-driven valuation for 8 PELHAM Road, St. Catharines, ON L2S 1P9
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in St. Catharines, ON
For a property listed at $649,000 in St. Catharines, the legal minimum down payment is $39,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $9,455 for this transaction. As this listing is in St. Catharines (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.