242 Lakeport Road 1, St. Catharines

$399,900
242 Lakeport Road 1

$399,900

Price Change
25d
Condo Townhouse2-Storey

242 Lakeport Road 1, St. Catharines

Total Monthly Obligation $2,411

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
25d
Score
21
Yield
6.3%
Cash on Cash
-1.9%
Cap Rate
4.2%
5Y IRR
14.1%
10Y IRR
13.4%
Property Type-Condo Townhouse
MLS® Number-X13838074
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 28, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$2,738 (2025)
Maintenance-$370/mo
Locker-None
Parking-1 - None
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE NRC REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete
Possession-Immediate
Neighbourhood-443 - Lakeport
Title-Residential Condo & Other

No agent assigned

Unit #1, ideal location within Century Village in Lakeport. 1st parking spot as you enter Lakeport road with visitor parking next to. Concrete patio out back with new fence to come. The primary bedroom is double sized (which could be converted back to 3 bedroom up). Eat-in kitchen space with desk/work space. Large dining/living room with laminate floors and patio doors to back yard. Basement has bonus finished space for games/crafts, tv room. Workbench area. Plumbed for central vac. Amazing location in north end St. Catharines, with Meridian CU directly across the street, schools and multiple restaurants within walking distance. Bill Burgoyne arena, 7 minute walk and Grantham Optimist 10 minute walk.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,411/mo
Mortgage $1,613
Monthly Loss $1,987
Principal$424
Interest$1,189
Property Tax$228
Condo Fees$370
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.2%1
5-Year IRR
10.1%36
10-Year IRR
10.8%
Returns Index
19.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$25,236/yr
NOI
$13,134/yr
Net Cash Flow
-$519/mo
Cash Margin
-24.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
32.0/ 100

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

Comparables

Properties near 242 Lakeport Road 1

Time

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Data last updated within the past 24 hours.