















18 Valley Road
462 - Rykert/Vansickle, St. Catharines
$759,000
Significant savings with the Gov't supporting new builds; 50% off servicing costs and no HST on new homes. InFill Project! Valley Road is a hidden gem, one of the nicest streets in St. Catharines. Solid bungalow to be torn down at some point to allow for four new homes. This project has recently passed through the Committee of Adjustments, and has been approved for 2 semi's ( four homes ). The home is currently rented month to month and tenant is happy to stay or will vacate... Perfect tenant to keep until buyer ready to tear down and build. See plans in attachments. Buyer allowed to build 4 x 1400 square foot semi's with optional legal basement apartment. Significant information in the realtor attachment section.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,186 |
| Lot Size | 93 ft x 132 ft |
| mls© Number | X12906004 |
| Listed By | REVEL Realty Inc., Brokerage |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,885
- Property tax
- $349
- Heat allowance
- $150
- Housing costs
- $4,384 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$135,000
gross annual household income
- Payment at 4%
- $3,194 / mo
- Cash down
- $151,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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