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Investment signal

$699,900

8 RICHARD STREET

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Beds

Baths

Sqft

—

Year

—

Type

Single 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 (Glendale/Glenridge). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Cozy Renovated Home in the Desirable Glenridge Neighbourhood - St. Catharines. Beautifully renovated 3+3 bedroom home located in the quiet and highly sought-after Glenridge area of St. Catharines. Situated on a generous 60 ft 120 ft lot, this move-in ready property offers modern upgrades and excellent investment potential. The main floor features new vinyl flooring, fresh paint throughout, and a bright open-concept living and kitchen area with a central island-perfect for entertaining. The upper level includes three spacious bedrooms and an upgraded 3-piece bathroom. The fully finished basement offers a separate entrance, three additional bedrooms, and a 4-piece bathroom, making it ideal for extended family or potential rental income. Conveniently located near: The Pen Centre, Brock University, Parks and walking trails, Hospitals and more. Easy access to Highway 406. This carpet-free home is truly move-in ready and offers excellent value in a prime location. Don't miss this opportunity! (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Community: 461 - Glendale/Glenridge
Common interest: Freehold
Lot dimensions: 60 x 120 FT
Bedrooms: 3 above grade, 3 below grade
Parking: 4 total
Stories: 1
On market: Mar 13, 2026
Status changed: Apr 20, 2026
Annual tax: $5,246 (2025)
Photos: 50
MLS#: X12880460
Area: ST._CATHARINES_(GLENDALE/GLENRIDGE)

Features and systems

Parking

No Garage

Basement

FinishedFullSeparate entranceN/AN/A

Appliances

WasherRefrigeratorDishwasherStoveDryerWindow CoveringsWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Flooring

LaminateVinyl

Foundation

Block

Negative cash flow ~$788/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

-6.75%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,329

Financing

Down payment$139,980

Loan amount$559,920

Mortgage$2,837/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$321

Insurance$80

Maintenance$583

CapEx reserve$292

Vacancy loss$175

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 $2,837/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 20, 2026.