173 First Street Louth Street, St. Catharines

$849,000
173 First Street Louth Street

$849,000

New
7d
DetachedBungalow

173 First Street Louth Street, St. Catharines

Total Monthly Obligation $4,309

Beds
3
Baths
3
Park
3
Sqft
1500-2000
DOM
7d
Score
17
Yield
4.2%
Cash on Cash
-6.7%
Cap Rate
3.1%
5Y IRR
10.3%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-X14087828
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-50.11 × 119.38 ft
Listed on site-Oct 16, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$6,116.06 (2026)
Parking-5 - Attached
Basement-Full, Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE NRC REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Very Flexible
Neighbourhood-453 - Grapeview
Title-Residential Freehold

No agent assigned

Welcome to this beautifully updated bungalow in the desirable Grapeview area. Offering a spacious open-concept layout, three bedrooms, and three bathrooms, this home is ideal for families, downsizers, or buyers looking for an in-law suite option. The main level features two large bedrooms, including a generous primary bedroom with a fully renovated three-piece en-suite bathroom with glass shower. The bright, open-concept living and dining areas welcome guests as they flow into the large updated kitchen, complete with quartz countertops, GE black appliances, a gas range, and plenty of cabinetry and a large Island. The kitchen, furnace, and central air conditioning were all updated in 2020. Additional updates include new pot lights, light fixtures, Series 800 doors, and beautifully maintained cherry hardwood flooring. Main Floor Laundry completes the main level. The lower level offers exceptional flexibility, functioning as a complete in-law suite with its own kitchen, bedroom, full bathroom, and separate access from the garage. Alternatively, it can be fully integrated into the main home and used as additional living space as a large recreation room and extra bedroom, with the kitchen easily converted into a stylish bar area with tons of storage options. This versatile layout is ideal for extended family, guests, entertaining, or a growing household. Outside you will enjoy a large backyard backing onto peaceful green space, a spacious deck with a covered roof with gas bbq hookup, and a large storage shed. With No Rear Neighbours this is tranquility at its finest. The property also offers a double garage with electric car charger outlet and driveway with parking for up to five vehicles. This well-maintained and extensively updated bungalow combines comfort, functionality, and excellent outdoor space in a desirable location. Don't miss the opportunity to make it your own!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$679,200
Land Transfer Taxes$13,455
Legal Fees (Est.)
$
Total cash required for closing$184,755

Total Monthly Obligation

$4,309/mo
Mortgage $3,425
Monthly Loss $3,408
Principal$901
Interest$2,523
Property Tax$510
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.0%18
10-Year IRR
8.3%
Returns Index
10.5/ 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
$35,280/yr
NOI
$21,136/yr
Net Cash Flow
-$1,663/mo
Cash Margin
-56.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.5/ 100

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

Comparables

Properties near 173 First Street Louth Street

Time

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