47 ALBERT St
St. Catharines, L2R 2G8
FOR SALE
$488,888
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BEDROOMS3
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Property Description
1ST TIME BUYERS - LIVE IN 1 & LET RENT FOR OTHER 2 UNITS TO PAY FOR YOUR HOME!!!! Calling all investors and aspiring homeowners! Step right up to claim your slice of prime real estate on bustling Albert St. in the heart of St. Catharines. Tucked just moments away from the vibrant pulse of Downtown, the bustling Penn Center, prestigious Brock University, Niagara College, and a plethora of shopping and dining hotspots, this property is the epitome of convenience. Prepare to be enchanted by the endless possibilities of this property, occupying a lot measuring 29.9' x 91'. Bathed in sunlight, this charming abode is divided into three separate units, each boasting its own kitchen, bathroom, and entrance. The upper unit, currently rented for $760/month, features two cozy bedrooms. The main floor unit, a stylish bachelor studio, commands $1195/month in rent. Meanwhile, the basement unit, with its inviting one bedroom layout, brings in $985/month. But wait, there's more! This flexible space can easily be transformed back into a single-family home with just a simple tweak of the layout. Imagine the potential! Whether you're a savvy parent looking to offset university expenses, an astute investor expanding your portfolio, or a first-time buyer eager to enter the market while letting the rental income cover your mortgage, don't let this exceptional opportunity slip through your fingers! Grab it now before it's gone for good! ADDITIONAL PROPERTY UPDATES: ~ New A/C, new furnace, & new tankless water heater installed 2020 ~ Entire foundation, waterproofed in 2020 ~ Electronic sump pump installed in 2020 ~ Basement apartment, newly constructed in 2021 ~ New coin-op common laundry-&-dryer machine combo, in 2021 ~ New fencing installed in 2021 ~ Back yard regraded to ensure positive drainage away from dwelling structure
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-09 | 2024-07-13 | 65 | $548,888 | - | Terminated |
Property Features
Arts Centre, Hospital, Lake/Pond, Library, Park, Public Transit
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Property Details
Street
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
30' x 92'
Fronting
North
Taxes
$2,835 (2024)
Basement
Apartment, Sep Entrance
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Front Yard
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 3.28' x 3.28' | Balcony, W/O To Deck |
| Kitchen | Main | 3.28' x 3.28' | Combined W/Dining, Eat-In Kitchen |
| Br | Main | 3.28' x 3.28' | Combined W/Dining |
| Foyer | Main | 3.28' x 3.28' | |
| Bathroom | Main | 3.28' x 3.28' | 3 Pc Bath |
| 2nd Br | 2nd | 3.28' x 3.28' | |
| 3rd Br | 2nd | 3.28' x 3.28' | |
| Living | 2nd | 3.28' x 3.28' | Combined W/Kitchen |
| Kitchen | 2nd | 3.28' x 3.28' | Eat-In Kitchen |
| Bathroom | 2nd | 3.28' x 3.28' | 4 Pc Bath |
| 4th Br | Bsmt | 3.28' x 3.28' | |
| Laundry | Bsmt | 3.28' x 3.28' | 3 Pc Bath |
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St. Catharines Market Statistics
St. Catharines Price Trend
47 ALBERT St is a 2-bedroom 3-bathroom home listed for sale at $488,888, which is $40,836 (7.7%) lower than the average sold price of $529,724 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 2 bedroom home in St. Catharines increased by $1,467 (0.3%) compared to the previous 30 day period (July 20 - August 18) and up $16,891 (3.3%) from the same time one year ago.Inventory Change
There were 28 2-bedroom homes listed in St. Catharines over the last 30 days (August 19 - September 17), which is up 47.4% compared with the previous 30 day period (July 20 - August 18) and up 12.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in St. Catharines typically sold ($14,425) (2.7%) below asking price over the last 30 days (August 19 - September 17), which represents a $21 increase compared to the previous 30 day period (July 20 - August 18) and ($16,729) 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 2-bedroom homes in St. Catharines over the last 30 days (August 19 - September 17) stood at 2,485.7%, down from 3,763.2% over the previous 30 days (July 20 - August 18) and up from 48.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in St. Catharines stood at 20 days when successfully sold over the last 30 days (August 19 - September 17), compared to 57 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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