1 Princeton Common Street, St. Catharines

$750,000
1 Princeton Common Street

$750,000

New
16d
Vacant Land Condo2-Storey

1 Princeton Common Street, St. Catharines

Total Monthly Obligation $4,266

Beds
3
Baths
3
Park
2
Sqft
1600-1799
DOM
16d
Score
18
Yield
5.6%
Cash on Cash
-4.2%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Vacant Land Condo
MLS® Number-X13870276
Beds-3
Bathrooms-3
Size-1600-1799 sqft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Vacant Land Condo
Age-6-10
Taxes-$6,502.92 (2026)
Maintenance-$498.86/mo
Locker-None
Parking-2 - N/A
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-REVEL Realty Inc., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-90+ days
Neighbourhood-443 - Lakeport
Title-Residential Condo & Other

No agent assigned

This stunning 2-storey detached home was built in 2020! The quality of the build, layout & finishes are impressive! It is a vacant land condo detached home, so you are not responsible for any grass cutting or snow removal. This impressive home offers 3 bedrooms plus a main floor den. Entering the home, you are greeted by the stylish open-concept living space, which is great for entertaining. The kitchen has a large island, beautiful quartz countertops, and plenty of cupboards, but the pièce de résistance is the walk-in pantry! For family & guest convenience, there is also a main floor 2-pc bathroom. The den is tucked away at the front of the house, a great versatile space that would make a perfect home office, dining room, or guest room, depending on your lifestyle. The spacious upper level offers a private primary suite with an ensuite bathroom and a walk-in closet, two additional bedrooms, the family 4-pc bathroom, and laundry. The unfinished basement has a rough-in to add an additional bathroom. This unspoiled area can be developed to add more living space and equity to the home! Outside, the home features a front covered porch, a very spacious side covered porch, and a fully fenced backyard space with a deck. So there are lots of options for enjoying the outdoors at different times of the day! The great central location of this home means you are conveniently located to schools, shopping, and the highway! This property is a perfect place to call home!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$600,000
Land Transfer Taxes$11,475
Legal Fees (Est.)
$
Total cash required for closing$162,975

Total Monthly Obligation

$4,266/mo
Mortgage $3,025
Monthly Loss $3,470
Principal$796
Interest$2,229
Property Tax$542
Condo Fees$499
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.2%30
10-Year IRR
10.1%
Returns Index
16.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$42,000/yr
NOI
$22,911/yr
Net Cash Flow
-$1,116/mo
Cash Margin
-31.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo35
Risk Index
20.5/ 100

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

Comparables

Properties near 1 Princeton Common Street

Time

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