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Listed 26 days ago

42 Union Street

458 - Western Hill, St. Catharines

$399,900

Detached|1 1/2 Storey
3 | 1 | 2
About this home

Approved shovel-ready triplex development opportunity in St. Catharines! Calling all investors ,builders, and savvy buyers. This is a rare chance to begin construction immediately with an approved triplex permit already in hand, avoiding months of planning delays and significant soft costs. Plans are completed for approximately 3,900-4,000 sqft of total build, designed as three self-contained residential units featuring efficient layouts, multiple washrooms, and modern exterior elevations tailored for strong rental appeal. Ideal for investors seeking long-term hold cash flow, a BRRRR strategy, or builders looking for a ready-to-go project with approvals secured and equally attractive for a buyer looking to live in one unit and rent the other two for supplemental income. Situated in a desirable neighbourhood close to schools, Montessori and childcare centres, parks, public transit, shopping, and everyday amenities, with convenient access to downtown St. Catharines, Brock University, the Pen Centre, and major routes. A turnkey multi-unit opportunity in a growing rental market.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$2,875
Lot Size38.48 ft x 155.24 ft
mls© NumberX13617802
Listed ByTHE CANADIAN HOME REALTY 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%
$2,047
Property tax
$240
Heat allowance
$150
Housing costs
$2,436 / mo

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

Down payment20% · $79,980
25-yr amortization

Income needed

$75,000

gross annual household income

Payment at 4%
$1,683 / mo
Cash down
$79,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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