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Investment signal

$539,900

42 VINE STREET

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for St. Catharines (E. Chester). 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 Vine Street, an excellent opportunity to secure a duplex in a transitioning area of St. Catharines poised for future growth. Located near the former hospital site, this property is ideally positioned to benefit from the area's anticipated redevelopment and long-term revitalization.As the surrounding neighbourhood evolves, this location presents a compelling case for investors looking to get in ahead of continued change. With increasing focus on land use, redevelopment, and housing demand, this pocket of the city is expected to see renewed interest and upward pressure on property values over time.The property itself offers two self-contained units with existing rental income in place. This is a smart buy-and-hold opportunity for investors who understand the impact of redevelopment and are looking to position themselves early. The combination of an improving location, steady rental demand, and the ability to add value makes 42 Vine Street a strategic addition to any portfolio.Secure your investment in an area with a promising future, 42 Vine Street offers both immediate income and long-term potential. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: 450 - E. Chester
Lot dimensions: 36 x 128 FT
Bedrooms: 5 above grade
Parking: 2 total
Stories: 1.5
On market: Apr 14, 2026
Status changed: Apr 24, 2026
Annual tax: $2,715.57
Zoning: R2
Photos: 27
MLS#: X12994558
Area: ST._CATHARINES_(E._CHESTER)

Features and systems

Parking

No Garage

Basement

UnfinishedPartial

Appliances

Water meter

Heating

Forced airNot knownNot knownElectricNatural gas

Cooling

None

Exterior

Vinyl siding

Foundation

StonePoured Concrete

Lot

Paved yard

Negative cash flow ~$56/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

-0.62%

Cap rate

4.74%

GRM

13.6

Break-even rent

$3,359

Financing

Down payment$107,980

Loan amount$431,920

Mortgage$2,188/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$247

Insurance$80

Maintenance$450

CapEx reserve$225

Vacancy loss$165

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 $2,188/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.