For Sale · Multifamily

16 FOREST HILL Road, St. Catharines

16 FOREST HILL Road, St. Catharines, ON L2R3T7

$1.0M total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

88%

Year Built

1949

About this property

INVESTORS & TENNIS ENTHUSIASTS - A MUST SEE UNIQUE LIVE-IN INVESTMENT OPPORTUNITY! Ever dream of having a private tennis court in your backyard? Welcome to 16 Forest Hill Rd, an incredible investment property that is a legal TRIPLEX with 6 Tenants generating great, reliable income! Rare and unique opportunity to live in sought-after Old Glenridge on a 200ft deep lot in a park-like setting, surrounded by large trees, deep properties and blue skies. Very minimal outdoor maintenance and no grass to cut. Official sized tennis court made of turf (simulated grass) that is easy to maintain. Fantastic central location just steps to the bus route, highways, stores, schools, parks and all of your needs. Ideal for Brock and Niagara College students. Earn extra income with coin-operated washing machines. Live in your separate 2nd level Studio Unit with gas fireplace, balcony, covered patio and official sized tennis court on your property. Long concrete driveway fits 3 cars (or more on patio) with 24/7 street parking available. Over 2,700sq ft of living space, 2 separate hydro meters and separate entrances to all 3 units. 2nd Unit on Main level offers 4 bedrooms, full kitchen, bathroom as well as a 2nd floor lounge and storage area. 3rd Unit on Lower level includes 3 bedrooms, full kitchen, bathroom and lounge area. Many updates throughout as this triplex is move-in ready. Be the one to take advantage of this fantastic opportunity to live in this prestigious neighbourhood, while playing tennis in this beautiful setting and earning steady, lucrative income each year. This is your chance to see what 16 Forest Hill Rd has to offer for your improved lifestyle and profits! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.03M
Down payment30% · $309K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$38K

Annual cash flow

$-19K

Cash-on-cash

-6.05%

DSCR

0.67

Going-in cap

3.72%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

136,407

Households

58,655

Median income

$127,500

Median age

34.8

Daytime population

119,749

5-yr growth

1.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 16 FOREST HILL Road, St. Catharines.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.