16 South Drive, St. Catharines

$1,190,000
16 South Drive

$1,190,000

New
70d
Detached2 1/2 Storey

16 South Drive, St. Catharines

Total Monthly Obligation $5,628

Beds
5
Baths
4
Park
5
Sqft
2000-2500
DOM
70d
Score
15
Yield
3.4%
Cash on Cash
-8.5%
Cap Rate
2.8%
5Y IRR
8.9%
10Y IRR
9.4%
Property Type-Detached
MLS® Number-X13675258
Beds-5
Bathrooms-4
Size-2000-2500 sqft
Lot Size-50 × 115 ft
Listed on site-Aug 14, 2026
Style-2 1/2 Storey
Building Type-Detached
Taxes-$5,440 (2025)
Parking-6 - Detached
Basement-Finished, Separate Entrance, Full
Heating-Forced Air (Electric)
Brokerage-REALTY NETWORK
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-West
Exterior-Stucco (Plaster), Wood
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-457 - Old Glenridge
Title-Residential Freehold

No agent assigned

Nestled in the heart of Old Glenridge, this fully reimagined 2.5 storey home combines classic elegance and modern amenities. Just minutes to the St. Catharines Golf and Country Club, highway and downtown, it offers the charm of an established neighbourhood and mature trees with the comfort and performance of a modern rebuild. The home's interior is quiet thanks to new double-pane windows, Safe'n'Sound soundproofing and solid core interior doors throughout. Timeless design choices such as hickory topped engineered flooring and solid oak steps throughout create bright and inviting living spaces while 3 independent heating and cooling climate zones make sure everyone is comfortable all year round. The kitchen anchors the main floor and its large centre island, induction cooktop and double oven are perfect for those who love to cook and host gatherings. What truly sets this property apart is the third floor which has been transformed into a private primary retreat complete with its own ensuite bath and walk-in closet, creating a separate and elevated space that is a true sanctuary within the home. Every element has been thoughtfully upgraded in recent years, blending character with efficiency and craftsmanship. A rare opportunity to own something distinctive in one of St. Catharines' most established and sought after neighbourhoods.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$952,000
Land Transfer Taxes$20,275
Legal Fees (Est.)
$
Total cash required for closing$259,775

Total Monthly Obligation

$5,628/mo
Mortgage $4,800
Monthly Loss $4,365
Principal$1,263
Interest$3,537
Property Tax$453
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-12.0%0
5-Year IRR
6.2%15
10-Year IRR
7.6%
Returns Index
8.8/ 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
$41,028/yr
NOI
$26,985/yr
Net Cash Flow
-$2,551/mo
Cash Margin
-74.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
16.3/ 100

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

Comparables

Properties near 16 South Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.