155 LAKE Street

St. Catharines, Ontario L2R5Y5

MLS # 40827256

$487,000

Property Details

Type

Detached

Beds

Baths

Status

For Sale

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About this property

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. 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. Upper unit currently rented for $1,200/month, generating immediate income. The vacant main floor presents an excellent opportunity for owner occupancy with mortgage support from rental income, or capitalize on the opportunity to rent both units and maximize cash flow.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.

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Property taxes: about $252/month based on listed annual taxes.

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Rooms

Room	Level	Dimensions
Laundry room	Basement	x
4pc Bathroom	Second level	x
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	x