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155 1/2 LAKE Street, St. Catharines — listed at $492,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Basement | — |
| 4pc Bathroom | Second level | — |
| Living room | Second level | 13'0'' x 18'0'' |
| Bedroom | Second level | 10'0'' x 11'0'' |
| Kitchen | Second level | 8'0'' x 9'0'' |
| Living room | Main level | 11'0'' x 23'0'' |
| Kitchen | Main level | 11'0'' x 16'0'' |
| Primary Bedroom | Main level | 10'0'' x 18'0'' |
| Bedroom | Main level | 8'0'' x 10'0'' |
| 4pc Bathroom | Main level | — |
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Is 155 1/2 LAKE Street a good fit for a growing family?+
With 3 bedrooms and 2 bathrooms (1467 sq ft), there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
This home was built in 1913 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
What's the parking situation?+
This property includes 1 space.
Is this a good starter home?+
At $492,000, this is priced in starter-home territory for St. Catharines. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,020, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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