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59 PARKER STREET, St. Catharines (Western Hill) — listed at $569,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Main level | 2.5 x 1.6 meters |
| Bedroom | Basement | 4 x 3.9 meters |
| Bedroom | Basement | 4 x 3.9 meters |
| Kitchen | Basement | 3.9 x 3.9 meters |
| Bathroom | Basement | 2.7 x 1.6 meters |
| Bathroom | Main level | 2.5 x 0.8 meters |
| Office | Upper Level | 3.4 x 3 meters |
| Living room | Upper Level | 5.6 x 4.8 meters |
| Bathroom | Upper Level | 2.2 x 2.2 meters |
| Bedroom | Upper Level | 3 x 2.9 meters |
| Bedroom 2 | Upper Level | 3 x 3.4 meters |
| Bedroom 3 | Upper Level | 3 x 3 meters |
| Bedroom 4 | Basement | 3.7 x 3.6 meters |
| Bedroom 5 | Basement | 2.7 x 1.6 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,705, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 6 spaces — Attached Garage, Garage.
Does it have a basement, and is it finished?+
Yes — Finished, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Is this a good starter home?+
At $569,900, this is priced in starter-home territory for St. Catharines (Western Hill). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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