264 Grantham Avenue Unit 505, St. Catharines

Price: $345,000

2 bedrooms, 1 bathrooms

800 sqft

Property Type: Condo

MLS#: X13629686

Recently reduced by $20,000! This nicely updated 2-bedroom condo offers comfortable, low-maintenance living with heat, hydro, and water all included in the condo fees. Welcome to Grantham Square!This move-in-ready unit features independent air conditioning control with a wall-mounted heat pump for added comfort. The unit has also been updated with a breaker electrical panel for added peace of mind.Condo fees of $556/month include heat, hydro, water, one assigned parking, building insurance, and exterior maintenance, making monthly budgeting simple and predictable. A second parking space may be rented from another owner for approximately $40/month.This well-maintained building offers two elevators, a secure entrance lobby, on-site laundry facilities, security cameras, and brand-new windows (2022). The building is heated by hot water radiant baseboard heating (not electric baseboard heating) for efficient, comfortable warmth.Conveniently located on a bus route with quick access to the QEW and just minutes from Walmart, Canadian Tire, No Frills, FreshCo, Shoppers Drug Mart, St. Joseph's Bakery, restaurants, gas stations, and many other everyday amenities.Flexible closing available to accommodate your timeline. Whether you're a first-time buyer, downsizing, or looking to add to your investment portfolio, this condo is ready to welcome its next owner.

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$345,000 - 264 Grantham Avenue Unit 505, St. Catharines

Condo for Sale in St. Catharines

Neighbourhood: 444 - Carlton/Bunting

2Beds
1Baths
800Sq Ft
Condo
Property Details
MLS Number
X13629686
Property Type
Condo
Status
active
Days on Site
22
Bedrooms
2
Bathrooms
1
Square Feet
800 sqft
Neighbourhood
St. Catharines
Locker
Ensuite
Exposure
North
Balcony
Open
Listing Brokerage
ROYAL LEPAGE NRC REALTY
Description

Recently reduced by $20,000! This nicely updated 2-bedroom condo offers comfortable, low-maintenance living with heat, hydro, and water all included in the condo fees. Welcome to Grantham Square!This move-in-ready unit features independent air conditioning control with a wall-mounted heat pump for added comfort. The unit has also been updated with a breaker electrical panel for added peace of mind.Condo fees of $556/month include heat, hydro, water, one assigned parking, building insurance, and exterior maintenance, making monthly budgeting simple and predictable. A second parking space may be rented from another owner for approximately $40/month.This well-maintained building offers two elevators, a secure entrance lobby, on-site laundry facilities, security cameras, and brand-new windows (2022). The building is heated by hot water radiant baseboard heating (not electric baseboard heating) for efficient, comfortable warmth.Conveniently located on a bus route with quick access to the QEW and just minutes from Walmart, Canadian Tire, No Frills, FreshCo, Shoppers Drug Mart, St. Joseph's Bakery, restaurants, gas stations, and many other everyday amenities.Flexible closing available to accommodate your timeline. Whether you're a first-time buyer, downsizing, or looking to add to your investment portfolio, this condo is ready to welcome its next owner.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,770.03/mo

Includes CMHC insurance ($9,626)

$
$
5%10%50%

5-yr fixed avg.

Principal: $310,500Interest: $210,883
Mortgage Amount$320,126
Total Interest$210,883
Est. Property Tax$244/mo
Total Cost$531,009

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: 444 - Carlton/Bunting

Discover 444 - Carlton/Bunting

444 - Carlton/Bunting 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 444 - Carlton/Bunting

  • 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

444 - Carlton/Bunting 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

264 Grantham Avenue Unit 505, St. Catharines

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
4.7%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$244
Insurance (est.)-$72
Net Cash Flow+$1,364

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 $431/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.

Market Position

At 22 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 800 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.

About 444 - Carlton/Bunting

I know 444 - Carlton/Bunting 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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    264 Grantham Avenue Unit 505 | $345,000 | Battaglia Team