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Price Change$599,000

25 Warkdale Drive

460 - Burleigh Hill, St. Catharines

$578,000

Detached|Bungalow
3 | 2 | 3
About this home

TURNKEY 5-BEDROOM STUDENT RENTAL | $3,500/MONTH RENTAL INCOME | 55' x 150' LOT | PRIME ST. CATHARINES LOCATION Rare opportunity to own a beautifully maintained, income-producing property in one of St. Catharines' most desirable neighbourhoods. Currently leased to five excellent student tenants generating $3,500/month in rental income, this property offers investors the opportunity to step into an established, income-producing rental with tenants already in place. The home itself is exceptionally appealing, featuring a spacious layout, updated kitchen and bathroom, generous bedrooms, a separate entrance and an enormous 55' x 150' lot-a combination that is increasingly difficult to find. The property is located in a quiet, attractive residential neighbourhood while remaining conveniently close to schools, shopping, transit and amenities. Five-bedroom student rentals in this location are highly sought after, making this an excellent option for an investor looking for an established rental rather than starting from scratch. The current lease runs through April, providing immediate occupancy and predictable rental income. The massive lot is an additional standout feature, offering exceptional outdoor space and potential long-term upside, subject to municipal approvals and zoning. Whether you're looking for a turnkey student rental, a long-term investment or a property with future potential, this one deserves a closer look. Strong rental demand + established tenants + $3,500/month income + exceptional lot + desirable neighbourhood. A compelling investment opportunity. Don't miss this opportunity to add a well-maintained, income-producing property to your portfolio.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,504
Lot Size55 ft x 150 ft
mls© NumberX13440330
Listed ByROCK STAR REAL ESTATE INC.

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%
$2,958
Property tax
$375
Heat allowance
$150
Housing costs
$3,484 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $115,600
25-yr amortization

Income needed

$107,000

gross annual household income

Payment at 4%
$2,432 / mo
Cash down
$115,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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