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155 1/2 LAKE STREET, St. Catharines (Downtown) — 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 |
|---|---|---|
| Living room | Main level | 7.01 x 3.35 meters |
| Kitchen | Main level | 4.88 x 3.35 meters |
| Primary Bedroom | Main level | 5.49 x 3.05 meters |
| Bedroom | Main level | 3.05 x 2.44 meters |
| Living room | Second level | 5.49 x 3.96 meters |
| Kitchen | Second level | 2.74 x 2.44 meters |
| Den | Second level | 3.35 x 3.05 meters |
| Laundry room | Basement | — |
Is 155 1/2 LAKE STREET a good fit for a growing family?+
With 3 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 1 space — No Garage.
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.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
Yes — Unfinished, Full. A finished basement adds meaningful living space beyond the listed square footage.
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