$499,000
42 LEEPER STREET
Beds
2
Baths
3
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for St. Catharines (Western Hill). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Welcome to 42 Leeper Street - A Triplex with Income & Development Potential! Featuring two spacious one-bedroom units and a cozy bachelor unit - perfect for living on the main floor while the upper units help to offset your mortgage. Sitting on an expansive lot (57' x 157.5') with R2 zoning, this property offers exciting development possibilities, including the potential to add an accessory dwelling unit (ADU). The City of St. Catharines ADU Program supports qualifying homeowners who want to create a secondary unit on their property, offering a one-time grant to help offset project costs. This program encourages additional rental housing in the city and can increase the property's income potential. Ideally located within walking distance to the St. Catharines GO Train Station and vibrant Downtown, you'll enjoy easy access to local shops, cafes, restaurants, and entertainment venues including the Performing Arts Centre and Meridian Credit Union Centre. Convenience is at your fingertips with nearby shopping centres, Brock University, and Niagara Health - Marotta Family Hospital all just minutes away. This property combines investment potential, possible development opportunities, and a prime location. It is perfect for a first-time homebuyer looking for an affordable entry into homeownership with future income potential, or an investor seeking a reliable property with immediate cash flow and possible long-term development opportunities. Come see all that 42 Leeper has to offer! (id:65958)
- Subtype
- Multi-family
- Structure
- Triplex
- Community
- 458 - Western Hill
- Lot dimensions
- 59 x 157.5 FT
- Bedrooms
- 2 above grade
- Parking
- 2 total
- Stories
- 2
- On market
- Apr 9, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $3,230.29 (2026)
- Zoning
- R2
- Photos
- 33
- MLS#
- X12975544
- Area
- ST._CATHARINES_(WESTERN_HILL)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Cash on cash
-6.98%
Cap rate
3.47%
GRM
16.6
Break-even rent
$3,111
Financing
Operating expenses (monthly)
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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.