405 Merritt Street 8, St. Catharines

$319,900
405 Merritt Street 8

$319,900

New
23d
Condo ApartmentApartment

405 Merritt Street 8, St. Catharines

Total Monthly Obligation $2,047

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
500-599
DOM
23d
Score
20
Yield
6.1%
Cash on Cash
-4.2%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Condo Apartment
MLS® Number-X13844856
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Age-51-99
Taxes-$2,358 (2026)
Maintenance-$359.97/mo
Locker-Owned
Parking-1 - None
Basement-None
Heating-Heat Pump (Electric)
Brokerage-RE/MAX ESCARPMENT GOLFI REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-456 - Oakdale
Title-Residential Condo & Other

No agent assigned

Welcome to St. James Lofts, where modern condo living meets timeless character. This beautifully designed one-bedroom suite offers an open-concept layout with soaring ceilings and oversized windows that fill the space with natural light. The stylish kitchen overlooks the spacious living and dining area, creating the perfect setting for everyday living and entertaining. Enjoy the convenience of in-suite laundry, one parking space and storage locker, all within one of St. Catharines' most unique boutique condominium communities. Whether you're a first-time buyer, professional, downsizer or investor, this low-maintenance home offers the perfect blend of style and functionality. Ideally located in the heart of Merritton, you're just minutes from shopping, restaurants, Brock University, the Welland Canal, Highway 406 and everyday amenities.

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

Closing Costs

Mortgage Amount
$255,920
Land Transfer Taxes$3,274
Legal Fees (Est.)
$
Total cash required for closing$68,754

Total Monthly Obligation

$2,047/mo
Mortgage $1,290
Monthly Loss $1,707
Principal$340
Interest$951
Property Tax$197
Condo Fees$360
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
8.0%23
10-Year IRR
9.3%
Returns Index
12.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$19,656/yr
NOI
$8,613/yr
Net Cash Flow
-$573/mo
Cash Margin
-35.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
4.7 mo80
Risk Index
34.6/ 100

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

Comparables

Properties near 405 Merritt Street 8

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.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.