234 Pelham Road, St. Catharines

$649,000
234 Pelham Road

$649,000

New
2d
DetachedBungalow

234 Pelham Road, St. Catharines

Total Monthly Obligation $3,283

HausQ Valuation Report
Beds
5
Baths
3
Park
4
Sqft
700-1100
DOM
2d
Score
19
Yield
4.7%
Cash on Cash
-3.6%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.4%
Property Type-Detached
MLS® Number-X14102324
Beds-5
Bathrooms-3
Size-700-1100 sqft
Lot Size-50.1 × 105.6 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,481.73 (2026)
Parking-5 - Detached
Basement-Finished, Separate Entrance, Apartment
Heating-Forced Air (Electric)
Brokerage-CENTURY 21 PROPERTY ZONE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-60-89 days
Neighbourhood-458 - Western Hill
Title-Residential Freehold

No agent assigned

**Over $200,000 Spent on Renovations!** Welcome to 234 Pelham Road, a beautifully upgradeddetached bungalow featuring a separate basement dwelling unit. Extensively renovated in 2022,the entire upper level showcases a modern kitchen with quartz countertops, pot lightsthroughout, new flooring, and a newly renovated washroom. The upper level offers 3 bedrooms, a4-piece bathroom, an additional 2-piece bathroom, and its own separate laundry. The basementfeatures a separate entrance and a 2-bedroom dwelling unit with 1 bathroom, a kitchen, and itsown laundry, offering excellent potential for rental income or extended family living. Thegarage has also been renovated. Major upgrades completed in 2022 include the furnace, airconditioning, roof shingles, and a new fence. Enjoy ample parking with space for **4 vehiclesin the driveway and 1 in the garage**. Conveniently located close to schools, parks, shopping,public transit, and major highways. An excellent opportunity for homeowners and investorsseeking a renovated property with two separate living spaces and income potential!

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Closing Costs

Mortgage Amount
$519,200
Land Transfer Taxes$9,455
Legal Fees (Est.)
$
Total cash required for closing$140,755

Total Monthly Obligation

$3,283/mo
Mortgage $2,618
Monthly Loss $2,594
Principal$689
Interest$1,929
Property Tax$290
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.5%1
5-Year IRR
9.0%29
10-Year IRR
9.8%
Returns Index
15.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$30,672/yr
NOI
$19,623/yr
Net Cash Flow
-$983/mo
Cash Margin
-38.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.628
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
24.8/ 100

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

Comparables

Properties near 234 Pelham Road

Time

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