Landlords, add this one to your portfolio.
Purchased only six months ago for $245K – now, the sellerās changed circumstances could be your lucky break! Buy this two-bedroom, 800 sqft condo for $199K, refresh the carpet and paint, and youāre sleeping easy with day-one equity. The condo fees already include heat, hydro, water, cable and internet and you donāt have costly furnaces or water heaters to maintain. The unit comes with parking and a locker, and its location provides convenient access to Fairview Mall, public transit and the QEW. Hold it as a low-basis rental, or move in with immediate equity!
How can you profit?
1) Buy & Hold ā Purchase for $199K, replace the carpet and paint, and target an estimated $2,000-$2,200/month in rent! Both you and your tenants will appreciate that heat, hydro, water, cable and internet included in the condo fees – landlords get a predictable expense structure and a low maintenance property with no in-unit furnace, air conditioner or water heater to maintain.
2) Move In With Equity ā End users can buy a two-bedroom condo for $199K and walk into $45K-$50K of equity before you even replace the carpet! The market is perfect for first time buyers to take the plunge – you couldnāt get into this building for under $300K just two years ago.
3) Realtors, Bring Your Clients – Donāt let yourĀ investor and retail clients miss this value play – 2.5% Co-Op included at $204K!
SUMMARY:
– LOCATION: St. Catharines, ON (SW of Scott St & Geneva St)
– PURCHASE PRICE: $204,000 OBO (Includes 2.5%+HST Co-Op)
– DIRECT BUYER DISCOUNT: $199,000 Or Best Offer
– CURRENT MARKET VALUE: approx. $250,000
– CLOSING: August 18, 2026 (This is an assignment sale.)
– TYPE: Condo Apartment
– BEDS/BATHS: 2 beds / 1 bath
– PARKING: 1 parking spot and 1 locker
– LAUNDRY: In building (buyer to verify ability to add in-unit laundry)
– BASEMENT: None
– SQFT: 800
– AGE: 1985
– PROPERTY TAX: $2,331 (2025)
– POSSESSION: Vacant possession
– CONDO FEES: $645/month (includes hydro, heat, cable, internet and water)
– POTENTIAL RENT: Estimated $2,000-$2,200/month
RENOVATIONS NEEDED:
– Flooring and paint throughout.
– Add a dishwasher – your tenants will thank you!
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Heat, hydro, water, cable and internet included in the condo fees
– One parking spot plus a storage locker
– Light renovation scope
– Low maintenance – no in-unit furnace, air conditioner or water heater to maintain
– Convenient access to Fairview Mall, public transit and the QEW
LISTING ID: 0726-STC-C01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and moreā¦)
Thank you,
Aaron Moore, Josea Dussard, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca ā Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.