24 Prospect Avenue, St. Catharines

$699,000
24 Prospect Avenue

$699,000

New
24d
DuplexBungalow-Raised

24 Prospect Avenue, St. Catharines

Total Monthly Obligation $3,738

Beds
4
Baths
3
Park
2
Sqft
1500-2000
DOM
24d
Score
17
Yield
4.5%
Cash on Cash
-6.1%
Cap Rate
3.3%
5Y IRR
10.7%
10Y IRR
10.8%
Property Type-Duplex
MLS® Number-X13839220
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-35 × 115 ft
Listed on site-Sep 29, 2026
Style-Bungalow-Raised
Building Type-Duplex
Age-0-5
Taxes-$6,521.35 (2026)
Parking-3 - Attached
Basement-Finished, Separate Entrance, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX HENDRIKS TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-South
Exterior-Cedar, Vinyl Siding
Roof-Asphalt Rolled
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-445 - Facer
Title-Residential Freehold

No agent assigned

This custom built home offers the rare combination of a spacious family residence and a legal duplex with separate hydro meters, Gas meters and furnaces making it ideal for homeowners, investors or multi-generational living. A wide stamped concrete driveway leads to two separate entrances, one for the main home and one for the self-contained lower level suite. Inside, an oversized foyer with vaulted ceilings welcomes you in. A few steps up lead to the main living space, while the finished lower-level recreation room remains exclusively for the main residence. The primary bedroom is privately situated on its own upper level and features a walk-in closet and ensuite, creating excellent separation from the two additional bedrooms located on the main floor which share a 4-piece bathroom. This thoughtful layout offers added privacy for families with children or overnight guests. The heart of the home is the open concept kitchen, dining and living area featuring quartz countertops, stainless steel appliances including gas stove and a gas fireplace, built-in ceiling speakers and quality flooring throughout. The main level is completed by a laundry room and a versatile bonus room currently used as a home office. The legal one-bedroom suite is accessed through its own private entrance and offers 9-foot ceilings, luxury vinyl flooring, spacious living area, modern white kitchen with stainless steel appliances additional laundry and a full bathroom making it ideal for extended family or rental income. Outside you'll find a large deck with covered storage below and a generous backyard. Conveniently located close to shopping, grocery stores, schools, public transit and other everyday amenities, this property offers exceptional flexibility whether you're looking for a family home or outstanding investment opportunity.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,738/mo
Mortgage $2,820
Monthly Loss $2,996
Principal$742
Interest$2,078
Property Tax$543
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.8%1
5-Year IRR
7.2%19
10-Year IRR
8.5%
Returns Index
10.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$31,800/yr
NOI
$17,599/yr
Net Cash Flow
-$1,353/mo
Cash Margin
-51.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
21.7/ 100

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

Comparables

Properties near 24 Prospect Avenue

Time

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