3 Towering Heights Boulevard 505, St. Catharines

$419,900
3 Towering Heights Boulevard 505

$419,900

New
9d
Condo Apartment1 Storey/Apt

3 Towering Heights Boulevard 505, St. Catharines

Total Monthly Obligation $3,868

Beds
2
Baths
2
Park
2
Sqft
1200-1399
DOM
9d
Score
15
Yield
7.7%
Cash on Cash
-13.5%
Cap Rate
1.7%
5Y IRR
5.1%
10Y IRR
6.5%
Property Type-Condo Apartment
MLS® Number-X14032116
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 14, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-31-50
Taxes-$4,716 (2026)
Maintenance-$1,580.83/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-BOLDT REALTY INC., BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stucco (Plaster)
Possession-Immediate
Neighbourhood-461 - Glendale/Glenridge
Title-Residential Condo & Other

No agent assigned

Lovely Ravine View! Welcome to Southgate, a desirable condominium complex with so much to offer and located in the sought after community of Old Glenridge in the heart of St. Catharines. Absolutely immaculate 1300 sq ft, 2 bedroom, 2 bathroom suite with a balcony. From the moment you walk through the inviting foyer, you will enjoy endless easterly views overlooking Burgoyne Woods from every room. The expansive living and dining room leads out to a large peaceful balcony overlooking the ravine and common area gardens below. A great spot to enjoy your morning coffee. The kitchen includes stainless appliances, granite counter tops and a stylish dinette where you will have many of your meals. All primary rooms and hallways are anchored by beautiful engineered hardwood flooring. You will pass the large 2nd bedroom and the 3 piece bathroom on your way to the huge primary bedroom with an ensuite bathroom and great size walk-in closet. There is also a separate in-suite laundry room. The spa-like recreation facilities feature an indoor heated pool, sauna, exercise room, party/craft/games rooms, library and workshop. Close to shopping, downtown, sports/event arena, Performing Arts Centre and major highways. Indoor parking 10B (tandem), separate storage locker 57A. Pet free building. Southgate is a community minded condominium building that you will be proud to call home! ** INCLUDED IN MONTHLY FEE ** Building Insurance, Contribution towards reserve fund, Building Maintenance, Bell Fibe Cable TV, Central Air Conditioning, Common Elements, Ground Maintenance/Landscaping, Heat, Hydro, Natural Gas, Parking, Water. You will definitely want to view this one!

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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$335,920
Land Transfer Taxes$4,873
Legal Fees (Est.)
$
Total cash required for closing$90,353

Total Monthly Obligation

$3,868/mo
Mortgage $1,694
Monthly Loss $3,422
Principal$446
Interest$1,248
Property Tax$393
Condo Fees$1,581
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
0.7%7
Cash-on-Cash
-19.2%0
5-Year IRR
1.6%4
10-Year IRR
4.9%
Returns Index
3.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$32,328/yr
NOI
$3,009/yr
Net Cash Flow
-$1,443/mo
Cash Margin
-53.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.151
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
19.8/ 100

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

Comparables

Properties near 3 Towering Heights Boulevard 505

Time

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