162 Martindale Road 708, St. Catharines

$585,000
162 Martindale Road 708

$585,000

New
24d
Condo ApartmentApartment

162 Martindale Road 708, St. Catharines

Total Monthly Obligation $4,382

Beds
2
Baths
2
Park
1
Sqft
1400-1599
DOM
24d
Score
15
Yield
6.6%
Cash on Cash
-9.4%
Cap Rate
2.6%
5Y IRR
8.2%
10Y IRR
8.9%
Property Type-Condo Apartment
MLS® Number-X13845650
Beds-2
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Sep 29, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$5,069 (2025)
Maintenance-$1,400/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX GARDEN CITY UPHOUSE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stucco (Plaster)
Possession-IMMEDIATE
Neighbourhood-453 - Grapeview
Title-Residential Condo & Other

No agent assigned

On the forested embankment of Twelve Mile Creek sits one of the city's premier condo buildings, Grenadier Place. Built in 1989 to the highest standards and it has held that distinction ever since. Perched on the 7th floor is a rare 1,600 sq. ft. corner unit with floor-to-ceiling windows and a dramatic 180-degree view. Fully renovated to the studs this 2-bedroom, 2-bathroom home is finished with rich hardwood throughout, Cambria granite countertops, and Rosewood cabinets with under lighting. Carefully chosen Swarovski crystal chandeliers bring elegance to the dining room and breakfast nook. The primary bedroom has a generous walk-in closet and a fully updated, spa-like ensuite and morning sunrises that sparkle under another chandelier. The building's amenities are a match: rebuilt saltwater pool, sauna, fitness room, social lounge, workshop and car wash. It's all delightful. Outside, turn the key and explore. The waterfront trails are right there and so is this opportunity for a wonderful lifestyle.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$468,000
Land Transfer Taxes$8,175
Legal Fees (Est.)
$
Total cash required for closing$126,675

Total Monthly Obligation

$4,382/mo
Mortgage $2,360
Monthly Loss $3,761
Principal$621
Interest$1,739
Property Tax$422
Condo Fees$1,400
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.1%0
5-Year IRR
5.0%11
10-Year IRR
7.2%
Returns Index
6.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$38,664/yr
NOI
$10,529/yr
Net Cash Flow
-$1,482/mo
Cash Margin
-46.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.373
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
18.6/ 100

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

Comparables

Properties near 162 Martindale Road 708

Time

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