15 Springbank Drive, St. Catharines

$599,000
15 Springbank Drive

$599,000

New
34d
DetachedBungalow

15 Springbank Drive, St. Catharines

Total Monthly Obligation $3,139

Beds
4
Baths
2
Park
4
Sqft
700-1100
DOM
34d
Score
19
Yield
5.0%
Cash on Cash
-3.0%
Cap Rate
3.9%
5Y IRR
13.2%
10Y IRR
12.7%
Property Type-Detached
MLS® Number-X13805846
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-60 × 124.55 ft
Listed on site-Sep 19, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,168 (2025)
Parking-5 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Stone, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Felaxible
Neighbourhood-459 - Ridley
Title-Residential Freehold

No agent assigned

Welcome to 15 Springbank Dr, a charming all-brick bungalow nestled on a quiet, tree-lined street in one of St. Catharines' most desirable neighborhoods, just steps from prestigious Ridley College and convenient access to Highway 406.Situated on an impressive oversized lot, this well-maintained home offers exceptional outdoor space with a fully fenced backyard, mature landscaping, perennial gardens, patio area, and plenty of room for family gatherings, gardening, or future enjoyment.The bright main floor features a functional open-concept layout with spacious living and dining areas, large windows, and an updated kitchen complete with quartz countertops, stylish cabinetry, and ample workspace. Two generously sized bedrooms and a modern full bathroom complete the main level.The lower level has recently been improved with new flooring and the addition of a 3-piece bathroom, creating even more versatile living space. With a large recreation area, additional rooms suitable for bedrooms, a home office, hobby room, or gym, plus plenty of storage, the basement offers endless possibilities for growing families or multi-purpose use.An attached garage, covered front porch, and numerous updates throughout the years add to the appeal of this move-in ready home. Conveniently located near schools, parks, shopping, restaurants, downtown St. Catharines, and major transportation routes, this is a fantastic opportunity to own a beautiful bungalow in an established and highly sought-after community.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,139/mo
Mortgage $2,416
Monthly Loss $2,503
Principal$636
Interest$1,780
Property Tax$347
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.2%30
10-Year IRR
10.0%
Returns Index
16.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$30,156/yr
NOI
$18,472/yr
Net Cash Flow
-$877/mo
Cash Margin
-34.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
25.8/ 100

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

Comparables

Properties near 15 Springbank Drive

Time

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