162 Martindale Road 306, St. Catharines

$389,000
162 Martindale Road 306

$389,000

New
24d
Condo ApartmentApartment

162 Martindale Road 306, St. Catharines

Total Monthly Obligation $2,898

Beds
1
Baths
1
Park
1
Sqft
800-899
DOM
24d
Score
17
Yield
6.3%
Cash on Cash
-9.9%
Cap Rate
2.5%
5Y IRR
7.8%
10Y IRR
8.6%
Property Type-Condo Apartment
MLS® Number-X13837950
Beds-1
Bathrooms-1
Size-800-899 sqft
Listed on site-Sep 29, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$3,595 (2026)
Maintenance-$829.54/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-BOLDT REALTY INC., BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stucco (Plaster), Concrete
Possession-Flexible
Neighbourhood-453 - Grapeview
Title-Residential Condo & Other

No agent assigned

Welcome to 162 Martindale Road, Unit #306, located in the desirable Grenadier Place condominium. This well-established 10-storey building offers a comfortable, amenity-rich lifestyle in a convenient west St. Catharines location. Unit #306 offers approximately 810 sq. ft. of bright, well-designed living space with an east-facing exposure, underground parking and a private storage locker. Freshly painted and move-in ready, this spacious suite features an inviting living room and separate dining area, with the dining room opening into the kitchen complete with ample cabinetry, counter space and pantry. The bright solarium with floor-to-ceiling windows provides a wonderful space to enjoy your morning coffee, read or simply take in the natural light. The large bedroom offers plenty of space and a generous closet, while the 3-piece bathroom features a good size walk-in shower. Additional conveniences include in-suite laundry, with washer, dryer and handy shelving as well as a spacious storage closet. Residents of Grenadier Place enjoy an impressive selection of amenities, including an indoor salt-water pool, sauna, exercise room, library, games/party room, workshop, BBQ area, guest suites and underground car wash, along with beautifully landscaped grounds, visitor parking and a welcoming lobby. The location is equally appealing, with easy access to the QEW and convenient proximity to shopping, restaurants, cafes, pharmacies and everyday amenities. Nature and recreation are also close by, including Martindale Pond, Twelve Mile Creek and nearby trail systems, while Port Dalhousie and its waterfront amenities are just a short drive away. Condo fees of $829.54/month include gas, hydro, water, cable TV, internet, one underground parking space and the extensive amenities offered by the building. A wonderful opportunity to enjoy comfortable, low-maintenance condo living in a well-established and conveniently located community.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$311,200
Land Transfer Taxes$4,310
Legal Fees (Est.)
$
Total cash required for closing$83,610

Total Monthly Obligation

$2,898/mo
Mortgage $1,569
Monthly Loss $2,485
Principal$413
Interest$1,156
Property Tax$300
Condo Fees$830
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.3%0
5-Year IRR
4.2%9
10-Year IRR
6.5%
Returns Index
5.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$24,432/yr
NOI
$6,039/yr
Net Cash Flow
-$1,066/mo
Cash Margin
-52.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.322
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
25.7/ 100

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

Comparables

Properties near 162 Martindale Road 306

Time

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Data last updated within the past 24 hours.