$589,900
42 UNION STREET
Beds
3
Baths
1
Sqft
—
Year
—
Type
Single 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
Approved shovel-ready triplex development opportunity in St. Catharines! Calling all investors,builders, and savvy buyers. This is a rare chance to begin construction immediately with anapproved triplex permit already in hand, avoiding months of planning delays and significantsoft costs. Plans are completed for approximately 3,900-4,000 sqft of total build, designed asthree self-contained residential units featuring efficient layouts, multiple washrooms, andmodern exterior elevations tailored for strong rental appeal. Ideal for investors seekinglong-term hold cash flow, a BRRRR strategy, or builders looking for a ready-to-go project withapprovals secured and equally attractive for a buyer looking to live in one unit and rent theother two for supplemental income. Situated in a desirable neighbourhood close to schools,Montessori and childcare centres, parks, public transit, shopping, and everyday amenities, withconvenient access to downtown St. Catharines, Brock University, the Pen Centre, and majorroutes. A turnkey multi-unit opportunity in a growing rental market (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- 458 - Western Hill
- Common interest
- Freehold
- Lot dimensions
- 38.5 x 155.2 FT
- Bedrooms
- 3 above grade
- Parking
- 2 total
- Stories
- 1.5
- Fireplace
- Yes
- On market
- Apr 20, 2026
- Status changed
- Apr 20, 2026
- Annual tax
- $2,875.3
- Photos
- 21
- MLS#
- X13021732
- Area
- ST._CATHARINES_(WESTERN_HILL)
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Foundation
Cash on cash
-6.88%
Cap rate
3.49%
GRM
16.7
Break-even rent
$3,662
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 20, 2026.