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:47421)
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Detailed Information
Bedrooms
3+3
Bathrooms
2
Lot
70.5 x 111.17 ft
Equipment
Water Heater - Tankless, Water Heater
Features
Carpet Free, In-Law Suite
Listing Contract Date
2025-12-10
Location Description
Cross Streets: Lakeshore and Lake. ** Directions: On Lake Street between Lakeshore Rd. and Linwell.
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Single Family
Rental Equipment
Water Heater - Tankless, Water Heater
Transaction Type
For sale
Building
Age
51 to 99 years
Amenities
Separate Electricity Meters
Appliances
Dishwasher, Dryer, Microwave, Range, Two stoves, Two Washers, Two Refrigerators
Architectural Style
Bungalow
Basement Development
Finished
Basement Features
Walk out
Basement Type
N/A (Finished)
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Brick
Foundation Type
Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Kitchen
Basement
5.79 m x 8.69 m
Primary Bedroom
Basement
4.57 m x 4.27 m
Bedroom 4
Basement
4.37 m x 4.57 m
Bedroom 5
Basement
4.57 m x 1.83 m
Kitchen
Main level
4.72 m x 4.11 m
Living room
Main level
6.93 m x 4.47 m
Primary Bedroom
Main level
4.57 m x 3.4 m
Bedroom 2
Main level
3.56 m x 2.87 m
Bedroom 3
Main level
3.66 m x 3.53 m
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
70.5 x 111.2 FT | under 1/2 acre
Sewer
Sanitary sewer
Size of Irregular Land
70.5 x 111.2 FT
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