Who’s looking for a profitable property!?
In this neighbourhood, renovated homes of this size are consistently selling around $700K giving you a $300K spread. This home is 1,100 sqft, which will keep the project scope controlled, and costs manageable.
Even dated comps in this area are selling in the high $500Ks! At $399K this home is 30% off compared to market price. The basement is unfinished but full height and it already has a separate entrance; giving you strong 2-unit potential. If converted, the estimated combined monthly rent for both units is $3,400-$3,800.
Backing onto 4 km of maintained walking trails is an added value that most neighbours don’t have! It’s also located in St. Catharines’ North End, one of the city’s most established and desirable neighbourhoods, known for quiet residential streets, good schools, and proximity to Lake Ontario.
How can you profit?
- Full Renovation Flip – Renovated comps are consistently selling around $700K, giving you a $300K spread to finish the basement and update the main floor. You will stand out from the comps when you relist because this home backs onto 4 km of maintained walking trails.
- Add a Basement Unit / BRRRR – The separate entrance, full-height basement and bathroom rough-in provide the fundamentals for a practical lower apartment set-up. Estimated main-floor rent of $2,000-$2,300/month, plus $1,400-$1,500/month for the basement. Gives a total monthly income of $3,400-$3,800/month after 2-unit conversion.
- Realtors: Bring Your Investor Clients – This property suits experienced flippers, contractors and value-add landlords who can handle basement work. Also good for end users wanting something a bit dated in exchange for a great price on home. Over $150K (that 30%) off, compared to dated comps! Add your desired commission.
SUMMARY:
- LOCATION: St. Catharines, ON (Linwell Rd & Grantham Ave)
- PURCHASE PRICE: $399,000 Or Best Offer
- AFTER REPAIR VALUE: $700,000
- CLOSING: September 1, 2026 (Minimal flexibility if needed. This is an assignment sale.)
- TYPE: Detached
- BEDS/BATHS: 2 beds / 1 bath
- PARKING: 1 car garage plus 2 driveway spaces
- BASEMENT: Unfinished, full height, with separate entrance and bathroom rough-in
- SQFT: 1,085
- LOT: 55’ x 165’ (Large lot supports future garden suite potential?)
- AGE: 1959
- PROPERTY TAX: $3,656 (2025)
- POSSESSION: Vacant
RENOVATIONS NEEDED:
-
- Finish the basement, possible 2 unit conversion!
- Minimal cosmetics updates upstairs as desired.
- Address the smoke odour upstairs.
- Some junk and furniture removal.
- Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
- Separate exterior entrance to the full-height basement
- Bathroom rough-in already in place downstairs
- Large 55 x 165 lot may support future garden suite
- 200-amp electrical panel updated in July 2019
- Exterior siding redone in 2018
- Big-ticket items in good shape! (Roof 2016, Furnace and AC < 10 years old)
- Backs onto 4 km of maintained walking trails
- Approximately 5 minutes to the QEW, with Lake Street and Niagara Street nearby
LISTING ID: 0726-STC-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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