5 Michelle Drive, St. Catharines

$818,000
5 Michelle Drive

$818,000

Price Change
29d
Detached2-Storey

5 Michelle Drive, St. Catharines

Total Monthly Obligation $4,220

Beds
4
Baths
3
Park
4
Sqft
2000-2500
DOM
29d
Score
18
Yield
4.8%
Cash on Cash
-4.3%
Cap Rate
3.7%
5Y IRR
12.2%
10Y IRR
11.9%
Property Type-Detached
MLS® Number-X13824928
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-50.19 × 109.91 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$6,539 (2026)
Parking-6 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-453 - Grapeview
Title-Residential Freehold

No agent assigned

Welcome to this fabulous 4 bedroom, 2.5 bathroom family home located in the highly sought after Grapeview neighbourhood! Beautifully cared for by the same owner for an incredible 35 years, this home reflects true pride of ownership throughout! Offering an abundance of space, a functional layout and incredible potential, this is the perfect opportunity to make a home your own. The main level features a large, bright eat-in kitchen with plenty of room for family meals, a separate formal dining room and French doors leading to the spacious living room. A sunken family room with a cozy gas fireplace provides the perfect place to relax and unwind. Upstairs, you'll find four generous bedrooms, including a spacious primary retreat complete with a walk-in closet and private 3 piece ensuite. The large basement is partially finished, offering even more living space and plenty of potential for a recreation room, home gym, office or additional entertaining area. A rough in for a bathroom adds even more possibilities. Step outside to a nicely private backyard featuring a composite deck with glass railing and retractable electric awnings ideal for outdoor dining, entertaining or simply relaxing. The front yard features a built-in sprinkler system, while the large driveway has no sidewalk interruption and provides parking for up to four vehicles. Ideally situated in a popular, family friendly neighbourhood close to shopping, schools, parks, amenities and highway access, this spacious home offers endless possibilities and is the perfect place to call home!

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$
%
%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$654,400
Land Transfer Taxes$12,835
Legal Fees (Est.)
$
Total cash required for closing$177,935

Total Monthly Obligation

$4,220/mo
Mortgage $3,300
Monthly Loss $3,351
Principal$868
Interest$2,431
Property Tax$545
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.8%1
5-Year IRR
8.7%27
10-Year IRR
9.6%
Returns Index
14.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$39,120/yr
NOI
$24,169/yr
Net Cash Flow
-$1,286/mo
Cash Margin
-39.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
20.5/ 100

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

Comparables

Properties near 5 Michelle Drive

Time

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