18 Linwood St
St. Catharines, L2R 1H3
FOR SALE
$559,000
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BEDROOMS3
BATHROOMS3
KITCHENS8
ROOMSX9309944
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Property Description
Don't miss out on this exceptional investment opportunity: a well maintained triplex unit boasting three residences. With shared laundry facilities, extensive renovations, and ample parking, this property promises a hassle-free living experience. Situated conveniently near the QEW, shopping, amenities, parks, trails, and Martindale Pond, residents enjoy easy access to urban conveniences and natural retreats. Meanwhile, a turnkey legal triplex in a downtown location presents a rare opportunity for those entering the rental investment business. Updated in 2017, with a new roof, driveway, and fire sprinkler system, this clean building is truly turnkey, offering both comfort and potential for lasting financial success.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-17 | 2024-10-11 | 86 | $1,399 | - | Terminated |
Property Features
Public Transit, School
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Property Details
Street
City
Property Type
Triplex, 2-Storey
Lot Size
31' x 105'
Fronting
South
Taxes
$3,130 (2023)
Basement
Full, Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Front Yard
Garage Type
None
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St. Catharines Market Statistics
St. Catharines Price Trend
18 Linwood St is a 3-bedroom 3-bathroom home listed for sale at $559,000, which is $22,167 (3.8%) lower than the average sold price of $581,167 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 3 bedroom home in St. Catharines declined by $52,272 (8.3%) compared to the previous 30 day period (September 27 - October 26) and down $29,749 (4.9%) from the same time one year ago.Inventory Change
There were 60 3-bedroom homes listed in St. Catharines over the last 30 days (October 27 - November 25), which is down 16.7% compared with the previous 30 day period (September 27 - October 26) and up 9.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in St. Catharines typically sold ($11,657) (2.0%) below asking price over the last 30 days (October 27 - November 25), which represents a $1,450 increase compared to the previous 30 day period (September 27 - October 26) and ($17,986) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in St. Catharines over the last 30 days (October 27 - November 25) stood at 2,860.0%, up from 136.1% over the previous 30 days (September 27 - October 26) and up from 65.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in St. Catharines stood at 19 days when successfully sold over the last 30 days (October 27 - November 25), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Berkshire Hathaway Homeservices West Realty
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Seize an outstanding investment opportunity with this triplex in downtown St. Catharines. This property features three fully rented units, each ensuring consistent rental income. Located within walking distance of local shops, restaurants, and public transit, it attracts high-demand tenants. Its prime location and strong rental history make it a solid addition to any real estate portfolio. Dont miss the chance to invest in this profitable and highly desirable property in a thriving rental market.
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