FOR SALE
$368,000
7 Elmwood, St. Catharines, ON, L2R 2T5
3
1
700-1100
About the Property
A fully renovated bungalow, R2-zoned, suited for owner-occupiers seeking rental offset or investors seeking a good ROI. ***With a separate entrance to the basement, and existing kitchen and bathroom rough-ins, the lower level can be converted at low cost into a self-contained 2-bedroom, 1-bath suite with its own bathroom and laundry. The main floor and basement, when rented separately, could possibly achieve a combined ROI potentially exceeding 8-10% resulting in an outstanding cash flow performance.***The driveway, with minor repositioning, can accommodate 4 vehicles; the backyard is fully fenced, offering generous space for outdoor activities.***Major 2025-2026 renovations: front and side doors, main-floor windows, eavestroughs and downspouts, exterior and main-floor paint, kitchen cabinets and flooring, stainless steel (interior) dishwasher and range hood, new bathroom, waterproofed basement walls with new laundry area flooring, and a new heat pump A/C. Low overall maintenance costs.***The property is conveniently located near shopping, dining, schools, a hospital, with easy access to the QEW and along public bus routes.
This prime location benefits from strong rental demand and proximity to essential amenities, making it a solid long-term investment property. The entire house can also be rented to AAA tenants.
Features
Property Details
MLS#:
X14034482
Status:
For Sale
Property Type:
Detached
Central A/C:
No
Bedrooms:
3
Heating Fuel:
Forced Air
Bathrooms:
2
Heating Type:
Forced Air
Parking:
2 Spots
Cross Street:
Welland Ave & Grantham Ave
Basement:
Separate Entrance, Partially Finished
About the Property
A fully renovated bungalow, R2-zoned, suited for owner-occupiers seeking rental offset or investors seeking a good ROI. ***With a separate entrance to the basement, and existing kitchen and bathroom rough-ins, the lower level can be converted at low cost into a self-contained 2-bedroom, 1-bath suite with its own bathroom and laundry. The main floor and basement, when rented separately, could possibly achieve a combined ROI potentially exceeding 8-10% resulting in an outstanding cash flow performance.***The driveway, with minor repositioning, can accommodate 4 vehicles; the backyard is fully fenced, offering generous space for outdoor activities.***Major 2025-2026 renovations: front and side doors, main-floor windows, eavestroughs and downspouts, exterior and main-floor paint, kitchen cabinets and flooring, stainless steel (interior) dishwasher and range hood, new bathroom, waterproofed basement walls with new laundry area flooring, and a new heat pump A/C. Low overall maintenance costs.***The property is conveniently located near shopping, dining, schools, a hospital, with easy access to the QEW and along public bus routes.
This prime location benefits from strong rental demand and proximity to essential amenities, making it a solid long-term investment property. The entire house can also be rented to AAA tenants.
Features
Property Details
MLS#:
X14034482
Status:
For Sale
Property Type:
Detached
Central A/C:
No
Bedrooms:
3
Heating Fuel:
Forced Air
Bathrooms:
2
Heating Type:
Forced Air
Parking:
2 Spots
Cross Street:
Welland Ave & Grantham Ave
Basement:
Separate Entrance, Partially Finished
Maintenance:
Exterior:
Vinyl Siding
Possession Date:
Oct 18, 2026
Presented By:
HOMELIFE NEW WORLD REALTY INC.
Maintenance:
Exterior:
Vinyl Siding
Possession Date:
Oct 18, 2026
Presented By:
HOMELIFE NEW WORLD REALTY INC.