32 Garnet St
St. Catharines, L2R 7C2
FOR SALE
$649,900
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Property Description
Welcome to your ideal cash flow positive investment opportunity! This turnkey 2-unit property boasts recent renovations and is located in the heart of St. Catharines!. Offering hassle-free ownership for income generation and/or savvy house hacking. Live in one unit, rent out the other, and watch your investment grow. Perfectly situated for homeowners or tenants with easy access to major cities in the Golden Horseshoe. Don't miss out on this prime real estate gem! The main unit is a 2 bedroom, 1 bathroom fully updated turn-key unit with market potential rent of $2100 plus utilities. The upper unit is a cozy 2 bedroom 1 bathroom fully updated unit with market potential rent of $1650 plus utilities. Separate hydrometers. Long list of updates including fire safety with fire separation between units, safe and sound insulation, resilient channel, Type X drywall, Sonopan soundproofing, and interconnected smoke alarms. Roof, Windows, Plumbing, Siding, Electrical, Furnace approx. 2014. A/C and Tankless HWH - 2021
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-03-21 | 2024-08-22 | 154 | $649,900 | - | Terminated |
| 2024-03-21 | 2024-07-18 | 119 | $649,900 | - | Suspended |
| 2024-03-21 | 2024-04-22 | 32 | $674,900 | - | Suspended |
| 2022-05-03 | 2022-06-24 | 52 | $674,999 | - | Terminated |
| 2022-04-30 | 2022-05-25 | 25 | $699,922 | - | Terminated |
| 2022-05-03 | 2022-05-21 | 20 | $714,900 | - | Suspended |
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Property Details
Street
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
34' x 113'
Acreage
< .50
Fronting
South
Taxes
$2,966 (2023)
Basement
Full, Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
None
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St. Catharines Market Statistics
St. Catharines Price Trend
32 Garnet St is a 4-bedroom 2-bathroom home listed for sale at $649,900, which is $129,544 (16.6%) lower than the average sold price of $779,444 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 4 bedroom home in St. Catharines increased by $728 (0.1%) compared to the previous 30 day period (July 20 - August 18) and up $11,248 (1.5%) from the same time one year ago.Inventory Change
There were 16 4-bedroom homes listed in St. Catharines over the last 30 days (August 19 - September 17), which is down 5.9% compared with the previous 30 day period (July 20 - August 18) and down 30.4% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in St. Catharines typically sold ($24,798) (3.2%) below asking price over the last 30 days (August 19 - September 17), which represents a $81 decrease compared to the previous 30 day period (July 20 - August 18) and ($32,440) 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 4-bedroom homes in St. Catharines over the last 30 days (August 19 - September 17) stood at 1,856.2%, up from 1,764.7% over the previous 30 days (July 20 - August 18) and up from 43.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in St. Catharines stood at 17 days when successfully sold over the last 30 days (August 19 - September 17), compared to 62 days before being removed from the market upon being suspended or terminated.Listing contracted with Rock Star Real Estate Inc.
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