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Investment signal

$1,300,000

41 HARTZEL ROAD

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Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for St. Catharines (Oakdale). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Outstanding opportunity to acquire a solid 8-unit multifamily asset in a prime St. Catharines location, offered at a strong 5.6% cap rate with approximately $1,080,000 in assumable financing at 4.5% through March 2029. Many suites feature modern shaker kitchens, quartz counters, stainless steel appliances, updated baths, and LVP flooring, allowing investors to step directly into immediate cash flow with minimal near-term capital requirements. Tenants pay hydro individually, reducing landlord utility exposure, while remaining rental upside through natural turnover provides an excellent path to future NOI growth. A rare blend of turnkey stability, favourable debt, and long-term upside. Please note all measurements, lot sizes and building sizes in the listing are approximate and are to be confirmed by the Buyer. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: 456 - Oakdale
Living area: 0 square feet
Lot dimensions: Bldg=121.79 x 76.69 FT
On market: Apr 14, 2026
Status changed: Apr 24, 2026
Annual tax: $20,120 (2025)
Zoning: M1
Photos: 48
MLS#: X12996896
Area: ST._CATHARINES_(OAKDALE)

Features and systems

Heating

Forced airNatural gas

Cooling

None

Negative cash flow ~$1,395/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.44%

Cap rate

3.58%

GRM

16.7

Break-even rent

$7,969

Financing

Down payment$260,000

Loan amount$1,040,000

Mortgage$5,270/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$596

Insurance$80

Maintenance$1,083

CapEx reserve$542

Vacancy loss$325

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $5,270/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.