1 WALLACE Street, St. Catharines

Price: $300,000

3 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X13868190

Welcome to an exceptional opportunity in St. Catharines' sought-after Western Hill. This 3-bedroom, 2-bathroom bungalow, built in 1976, with 914 sq/ft, sits on an impressive lot with approximately 225 ft of frontage (70ft deep and narrows towards Pelham Rd.) It offers tremendous potential for the right buyer, investor, or renovator. The home features a double garage, finished basement, and a spacious layout with plenty of possibilities. That said, this property is being offered in it's current condition and requires extensive renovations throughout. This is truly a project property and is not for the faint of heart - bring your vision, your contractor, and your imagination! This property presents an opportunity to create something special. With no known water infiltration from recent rains, and offers being reviewed at any time, this is one you can jump on. Buyers are advised to conduct their own due diligence regarding the property, permitted uses, renovations, and potential future development. A rare opportunity for those willing to take on the challenge and unlock the potential at this price point!

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active
New Listing

$300,000 - 1 WALLACE Street, St. Catharines

Detached for Sale in St. Catharines

New — Listed yesterday

Neighbourhood: 458 - Western Hill

3Beds
2Baths
700 - 1,099Sq Ft
Detached

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Property Details
MLS Number
X13868190
Property Type
Detached
Status
active
Days on Site
1
Bedrooms
3
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
St. Catharines
Taxes (2025)
$4,433
Listing Brokerage
BOSLEY REAL ESTATE LTD.,
Description

Welcome to an exceptional opportunity in St. Catharines' sought-after Western Hill. This 3-bedroom, 2-bathroom bungalow, built in 1976, with 914 sq/ft, sits on an impressive lot with approximately 225 ft of frontage (70ft deep and narrows towards Pelham Rd.) It offers tremendous potential for the right buyer, investor, or renovator. The home features a double garage, finished basement, and a spacious layout with plenty of possibilities. That said, this property is being offered in it's current condition and requires extensive renovations throughout. This is truly a project property and is not for the faint of heart - bring your vision, your contractor, and your imagination! This property presents an opportunity to create something special. With no known water infiltration from recent rains, and offers being reviewed at any time, this is one you can jump on. Buyers are advised to conduct their own due diligence regarding the property, permitted uses, renovations, and potential future development. A rare opportunity for those willing to take on the challenge and unlock the potential at this price point!

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Estimate your monthly payments for this property

Estimated Payment

$1,539.16/mo

Includes CMHC insurance ($8,370)

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5-yr fixed avg.

Principal: $270,000Interest: $183,377
Mortgage Amount$278,370
Total Interest$183,377
Est. Property Tax$213/mo
Total Cost$461,747

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: 458 - Western Hill

Discover 458 - Western Hill

458 - Western Hill is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in 458 - Western Hill

  • •Convenient location in St. Catharines
  • •Access to local shops and dining
  • •Good public transit connections
  • •Community parks and green spaces
  • •Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • •MiWay bus routes throughout the area
  • •GO Transit stations within driving distance
  • •Easy highway access to 401/403/QEW
  • •Walking distance to local amenities

Parks & Amenities

  • •Local parks and recreational facilities
  • •Community centres
  • •Shopping plazas nearby
  • •Restaurants and cafes

Lifestyle & Community

458 - Western Hill offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

1 WALLACE Street, St. Catharines

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
10.1%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$213
Insurance (est.)-$63
Net Cash Flow+$2,524

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $429/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In St. Catharines's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Detached Home Advantages

Detached homes in St. Catharines are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

About 458 - Western Hill

I know 458 - Western Hill well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    1 WALLACE Street, St. Catharines | $300,000 | Battaglia Team