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557 LAKE Street, St. Catharines — listed at $664,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Main level | — |
| Laundry room | Basement | — |
| 3pc Bathroom | Basement | — |
| Bedroom | Basement | 6'0'' x 15'0'' |
| Bedroom | Basement | 15'0'' x 14'4'' |
| Primary Bedroom | Basement | 14'0'' x 15'0'' |
| Kitchen/Dining room | Basement | 28'6'' x 19'0'' |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 11'7'' x 12'0'' |
| Bedroom | Main level | 9'5'' x 11'8'' |
| Primary Bedroom | Main level | 11'2'' x 15'0'' |
| Living room | Main level | 14'8'' x 22'9'' |
| Kitchen | Main level | 13'6'' x 15'6'' |
How is the home heated? Is it efficient?+
Heating is forced air. Ask for past utility bills to understand real heating costs.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,650, heating is forced air. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
Is 557 LAKE Street a good fit for a growing family?+
With 6 bedrooms and 2 bathrooms (2766 sq ft), there's room for kids plus a guest room or home office.
This home was built in 1956 — 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 4 spaces.
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