59 PARKER STREET
St. Catharines (Western Hill), Ontario
MLS® X13778162
$569,900
- Status
- Active
- Property type
- House
- MLS® number
- X13778162
- Bedrooms
- 7
- Bathrooms
- 3
- Year built
- —
1 / 46Listing 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.
The home has 7 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.
Property summary
- MLS® number
- X13778162
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 70 x 101 FT
- Annual property taxes
- $5,705.00
- Parking
- 6 spaces · Attached Garage, Garage
- Days on market
- 12 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Finished, N/A
- Appliances
- Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer
- Exterior features
- Brick Veneer
- Lot features
- In-Law Suite
- Community features
- School Bus
- Architectural style
- Raised bungalow
What would this home cost you?
Based on the $569,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EXP REALTY, ST. CATHARINES.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.