$492,000

For sale

155 1/2 Lake Street, St. Catharines (Downtown) - Single Family for Sale

155 1/2 Lake Street, St. Catharines (Downtown), Ontario, L2R5Y5

3 beds2 baths1 parking1,300 ft²33 × 103 ft (3,406 sq ft) lot sizeListed 185 days ago

Overview

This 3-bedroom, 2-bathroom home in St. Catharines is for sale offering roughly 1,300 sq ft of space. Its $492,000 asking price sits right in line with the $492,000 median in St. Catharines.

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Description

ATTENTION INVESTORS! Centrally located duplex in the heart of downtown St. Catharines, ideally situated along a bus route and close to all amenities. This well-maintained property features two self-contained units, both currently rented, with the main floor generating $1,775/month and the upper unit $1,200/month. The upper unit offers a bright open-concept layout with a den and full bathroom, tastefully renovated in 2018. Notable updates include a new furnace (2023), new upper AC unit (2023), roof replacement (2019), basement spray foam insulation (2018), and exterior painting (2021). The basement provides shared laundry facilities for both units along with additional storage space. With both units tenanted, this property offers immediate rental income and an attractive opportunity for investors looking to add a centrally located income property to their portfolio. (id:66096)

Property Details

MLS®: X13085360
Property Type: Single Family
Zoning: R3
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Lot Size: 33 × 103 ft (3,406 sq ft)
Frontage: 33 ft
Storeys: 1
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,020/yr
Listed

Rooms

Main level

Living room: 7.01 x 3.35 meters
Kitchen: 4.88 x 3.35 meters
Primary Bedroom: 5.49 x 3.05 meters
Bedroom: 3.05 x 2.44 meters

Second level

Living room: 5.49 x 3.96 meters
Kitchen: 2.74 x 2.44 meters
Den: 3.35 x 3.05 meters

Basement

Laundry room

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Dryer, Microwave, Two stoves, Two Refrigerators
Foundation: Unknown
Exterior: Steel, Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

185d

St. Catharines (Downtown) listings, avg age

73d

Price / ft²

$378

List price

$492K

Haho

This 3-bed single family in St. Catharines (Downtown) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by SUTTON GROUP - SUMMIT REALTY INC. · ASH ALLES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2R)

This home lists at $492,000, about 8.0× the local median household income of $61,200.

Carrying it typically needs a household income of about $96,105 (20% down, 25-yr amortization, stress-tested) — roughly 57% above the area median.

Median household income: $61,200
Population: 25,558
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA L2R)

$492,000· $378/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,600

Min 5%50%

Mortgage payment$2,591/mo

↳ CMHC premium ($18,696 capitalized)

Property tax (est.)$252/mo

Total monthly$2,843

Cash Needed to Close

Down payment (5%)$24,600

Land transfer tax$6,315

Est. closing costs$3,976

Total cash needed$34,891

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