HN
155 1/2 Lake Street, St. Catharines, ON L2R 5Y5, St. Catharines, ON
+19 photos
$510,000

155 1/2 Lake Street, St. Catharines, ON L2R 5Y5, St. Catharines, ON

St. Catharines, ON L2R 5Y5
2 beds 2 baths Detached

About this home

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, including an upper unit offering a bright open-concept layout with a den and full bathroom, tastefully renovated in 2018 and vacant upon possession-perfect for an owner-occupier or to set market rent. The main floor unit is currently tenanted, providing immediate and stable rental income. Notable updates include a new furnace (2023), new upper AC unit (2023)roof replacement (2019), basement spray foam insulation (2018), and exterior painting (2021),offering added value and peace of mind. The basement includes shared laundry facilities for both units, along with additional storage space. Whether you're an investor looking to expand your portfolio or a buyer seeking to live in one unit while generating income from the other,this versatile property offers exceptional flexibility and long-term potential.

Property Score

59/ 100
Overall Property Score
good

A blend of both buyer and investor metrics.

Score breakdown
Walkability
55/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
60/100good
GO Transit, LRT, and bus access from this neighborhood.
Schools
68/100good
Based on local school rankings (Fraser Institute proxy).
Affordability
74% of city avggreat
Priced below St. Catharines's average of $685,000.
Appreciation Trend
+1.5%/yrgood
St. Catharines has seen +1.5% YoY price change.
Monthly Cash Flow
-$1,368/mopoor
Estimated -$1,368/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
2.39%fair
Net operating income divided by purchase price.
Basement Suite Potential
Buildablegreat
Strong potential for a legal basement suite - could add ~$1,380/mo.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13085360
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.

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