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$ 569,900
Est. payment /mo
New
59 Parker ST St. Catharines, ON L2S 1W1
7 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 458 - Western Hill
MLS Listing ID X13778162
Style Bungalow-Raised
Bedrooms 7
Annual Tax Amount $5,705
Tax Year 2025
Property Sub-Type Detached
Property Description
Here's your next investment opportunity! This turn-key student rental already generates $4,238.42 per month with 6 tenants on one lease through April 30, 2027, lining up nicely with the typical summer student changeover. Built in 2004, this all-brick raised bungalow offers approximately 2,500 sq. ft. of finished living space and a layout that works extremely well for student living. There are 7 currently utilized bedrooms, with the potential for an 8th, plus 2.5 bathrooms, large bedrooms with closets, plenty of storage and oversized lower-level windows that bring in great natural light. The main floor features an open-concept layout, spacious kitchen, dedicated laundry area and access to the backyard, while the finished lower level includes a second kitchen setup and additional living space. The double-car garage is another major bonus, providing extra storage and additional space for tenants to use. Set on a quiet street, the location checks the right boxes with easy access to Brock University, public transit, downtown amenities, restaurants, shopping and everyday conveniences. The property is professionally managed by a reputable local property management company, making this a straightforward addition to an investment portfolio. With its bedroom count, existing rental income and strong demand for student housing, this property offers income potential that can be difficult to match with a traditional single-family rental. The tenants are already in place, the lease is secured, and the property is set up for its intended use. Whether you're adding to an existing portfolio or looking for your first student rental, this one is worth a closer look. 24 hours' notice is required for all showings. Contact today for additional rental and property information.
Location
Province ON
County Niagara
Area Niagara
Zoning R2
Rooms
Basement Finished
Kitchen 2
Interior
Interior Features In-Law Suite
Cooling Central Air
Inclusions Fridge x 2, Stove, Dishwasher, Washer, Dryer
Exterior
Parking Features Attached
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 6
Building
Building Age 16-30
Foundation Poured Concrete
Lited by EXP REALTY
NEARBY SCHOOL & BUSINESS