$492,000

For sale

155 LAKE Street, St. Catharines - Single Family for Sale

155 LAKE Street, St. Catharines, Ontario, L2R5Y5

3 beds2 baths1 parking1,467 ft²Listed 185 days ago

Overview

This 3-bedroom, 2-bathroom home in St. Catharines is for sale offering roughly 1,467 sq ft of space. Listed at $492,000, it is attractively priced about 18% below the $599,900 median asking price 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®: 40827256
Property Type: Single Family
Zoning: R3
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,467 ft²
Frontage: 33 ft
Year Built: 1913
Storeys: 1
Basement: Unfinished, Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $3,020/yr
Listed: 185 days ago

Rooms

Basement

Laundry room

Second level

4pc Bathroom
Living room: 13'0'' x 18'0''
Bedroom: 10'0'' x 11'0''
Kitchen: 8'0'' x 9'0''

Main level

Living room: 11'0'' x 23'0''
Kitchen: 11'0'' x 16'0''
Primary Bedroom: 10'0'' x 18'0''
Bedroom: 8'0'' x 10'0''
4pc Bathroom

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Exterior: Stucco, Metal

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

185d

St. Catharines listings, avg age

70d

Price / ft²

$335

List price

$492K

Haho

This 3-bed single family in St. Catharines 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. · Melanie Osborne

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· $335/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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