17 Farmington Drive, St. Catharines

$695,000
17 Farmington Drive

$695,000

Price Change
24d
Detached2-Storey

17 Farmington Drive, St. Catharines

Total Monthly Obligation $3,717

Beds
4
Baths
3
Park
4
Sqft
2000-2500
DOM
24d
Score
19
Yield
5.2%
Cash on Cash
-3.3%
Cap Rate
3.9%
5Y IRR
13.0%
10Y IRR
12.5%
Property Type-Detached
MLS® Number-X13839200
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-50 × 120.08 ft
Listed on site-Sep 29, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$6,466.08 (2026)
Parking-6 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HENDRIKS TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-453 - Grapeview
Title-Residential Freehold

No agent assigned

Large four-bed, three-bath home in desirable Martindale Heights. Offering over 2,000 sq. ft. above grade, this home presents a great opportunity to get into a spacious family home at an attractive price point. While some updating is needed, it has been lovingly cared for by the original owners since new. Outside, you'll immediately notice the oversized driveway and double-car garage. Entering the home you're greeted by a large front foyer leading into the formal living room which connects to the dining room. This area is finished in hardwood flooring and flows into the centrally located kitchen with an abundance of cabinetry and additional eat-in dining space. The family room is also finished in hardwood flooring and features a wood-burning fireplace along with sliding patio doors that lead directly to the back deck. With its generous footprint, the main floor offers a functional existing layout while providing excellent potential for a complete redesign to suit your style. This level is completed by a main floor laundry room with direct access to the double-car garage and a two-piece bathroom. Upstairs, you'll find four generously sized bedrooms. The oversized primary bedroom features a walk-in closet and three-piece ensuite. The remaining three bedrooms all include double closets and share an additional four-piece bathroom off the main hallway. The lower level is completely unfinished providing a blank canvas to create additional living space however you choose. A solid poured-concrete foundation provides an excellent starting point for future finishing. One of the standout features of this property is the backyard having no rear neighbours directly overlooking the property offering mature trees with a wide open lawn area. An outstanding opportunity in a great location just minutes from the St. Catharines hospital, Grapeview and St. Theresa schools, popular restaurants and Port Dalhousie. Come experience what life in Martindale Heights is all about!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$556,000
Land Transfer Taxes$10,375
Legal Fees (Est.)
$
Total cash required for closing$150,875

Total Monthly Obligation

$3,717/mo
Mortgage $2,803
Monthly Loss $2,980
Principal$738
Interest$2,066
Property Tax$539
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.2%30
10-Year IRR
10.0%
Returns Index
16.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,000/yr
NOI
$21,434/yr
Net Cash Flow
-$1,017/mo
Cash Margin
-33.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
22.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 17 Farmington Drive

Time

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