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557 Lake Street, St. Catharines, ON 29 photos

$674,900

Active
557 Lake Street, St. Catharines, ON· Lakeport
3+3
Bedrooms
2
Bathrooms
1100-1500
Sq Ft
4
None Parking
51-99
Year Built

About this Property

  • Perfectly located near shopping, parks, transit, and top-rated schools including Eden High School, St

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.

Listed by RE/MAX ESCARPMENT REALTY INC. · MLS# X12617058

Features & Details

Property details of 557 Lake Street, St. Catharines, ON

Property TypeDetached
StyleBungalow
Size1100-1500 sq ft
BasementFinished with Walk-Out
Total Parking4

Mortgage Calculator

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%
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Mortgage Payment$3,316/monthly
Principal54%
Interest46%
Principal Amount$539,920
Interest$454,754
Total Payable$994,674
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$3,316
Mortgage + Expenses$3,316
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$
$
$
$
Monthly Cash Flow-$3,316

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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