27 Parnell Road, St. Catharines

$1,099,900
27 Parnell Road

$1,099,900

New
7d
Vacant Land CondoBungalow

27 Parnell Road, St. Catharines

Total Monthly Obligation $5,723

Bed+Den
3+1
Baths
3
Park
2
Sqft
1400-1599
DOM
7d
Score
15
Yield
3.8%
Cash on Cash
-9.9%
Cap Rate
2.5%
5Y IRR
7.9%
10Y IRR
8.6%
Property Type-Vacant Land Condo
MLS® Number-X14087046
Bed+Den-3+1
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 16, 2026
Style-Bungalow
Building Type-Vacant Land Condo
Age-16-30
Taxes-$7,792.45 (2026)
Maintenance-$436.71/mo
Locker-None
Parking-4 - Attached
Basement-Full, Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE NRC REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Exterior-Brick, Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-FLEXIBLE
Neighbourhood-442 - Vine/Linwell
Title-Residential Condo & Other

No agent assigned

Located in the exclusive Spring Creek Villa Estates on a Cul De Sac Ravine lot sits this design-built detached brick and stucco bungalow. Meticulously cared for by the original owner. Walking through the cathedral ceiling foyer you are greeted by the Open Concept Great Room with gas fireplace, Dining Room and Kitchen with Vaulted Ceilings and Black Walnut Hardwood flooring throughout. This living space opens out to a spacious cantilevered balcony/deck ( 12' X 28' ) which overlooks the ravine with beautiful perennial gardens and treed woodlands beyond. The Centre Island Kitchen with skylight has been updated with Granite Counters, adjacent is a complimentary walk-in pantry as well as the main level laundry/mud room with access to the double car garage. The Primary Bedroom has a walkout to the balcony and a wonderfully remodelled 4 pc. ensuite bathroom w/glass shower and built-ins. The second bedroom is being used as a den with a mini office in the closet. Completing the main floor there is another 3 pc bathroom. The fully finished walk-out at grade basement leads you to a concrete patio which is below the upper deck. Enjoy entertaining or relaxing in the spacious open Family Room featuring a wall with built-in Cabinetry, perfect for gatherings or movie nights. This finished lower level has another bedroom or office, a 3 pc bathroom, and a exercise room with a sauna. Note: Deck Boards replaced in 2022 and Shingles in 2023. Enjoy carefree living in this fabulous enclave of only eight custom homes designed by award winning PBG Builders.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$879,920
Land Transfer Taxes$18,473
Legal Fees (Est.)
$
Total cash required for closing$239,953

Total Monthly Obligation

$5,723/mo
Mortgage $4,437
Monthly Loss $4,555
Principal$1,168
Interest$3,269
Property Tax$649
Condo Fees$437
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.1%0
5-Year IRR
5.4%12
10-Year IRR
7.1%
Returns Index
7.4/ 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
$42,000/yr
NOI
$22,367/yr
Net Cash Flow
-$2,573/mo
Cash Margin
-73.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.423
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
15.9/ 100

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

Comparables

Properties near 27 Parnell Road

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