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$664,900
St. Catharines
557 Lake Street, St. Catharines (Lakeport), Ontario, L2N4J1
This 6-bedroom, 2-bathroom home in St. Catharines is for sale.
Welcome to 557 Lake St - a well-kept, income-generating 2-family home in the highly convenient north end of St. Catharines. This solid property features two spacious 3-bedroom units-one on the main level and one on the lower level-each offering generous living space and modern updates. The layout also allows the home to be easily converted back into a single-family residence if preferred, giving you exceptional flexibility. Step inside to find tastefully renovated interiors, including updated kitchens with stone countertops, refreshed bathrooms, and clean, contemporary finishes throughout. Bright, functional layouts make both units appealing to families and long-term tenants. With two separate hydro meters, each household manages its own usage-a great feature for investors. Both units are currently leased to families, providing immediate, steady rental income. Perfectly located near shopping, parks, transit, and top-rated schools including Eden High School, St. Francis Catholic Secondary, Parnall PS, Dalewood PS, and École Élémentaire L'Héritage, this property offers the ideal blend of convenience, size, and value. Whether you're expanding your rental portfolio, seeking a multi-family living solution, or wanting a home that can easily be returned to single-family use, 557 Lake St is a fantastic opportunity worth exploring. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 108 days on market, against an average age of 50 days across the listings currently for sale in this city
This 6-bed single family in St. Catharines (Lakeport) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $664,900, about 8.5× the local median household income of $78,500.
Carrying it typically needs a household income of about $129,878 (20% down, 25-yr amortization, stress-tested) — roughly 65% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2N)
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Loading rates, 30-yr amortization
Cash Needed to Close
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