Single Family Residence for sale at 557 Lake Street, St. Catharines, ON, L2N 4J1 - Lakeport - MLS: 40792922

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557 Lake Street

St. Catharines, ON, L2N 4J1 - Lakeport

$674,900

Neighbourhood

Lakeport
Major Intersection

Listed Since: 139 day(s)
Last update: today

Overview

Property Type

Single Family Residence, Bungalow
Bedrooms

3 + 3
Bathrooms

2
Basement

Separate Entrance, Full, Finished
Kitchen

n/a
Total Parking

4
Lot Size

Available Upon Request
Taxes

$4,650.00 (2025)
Type

Freehold

Property Description

Property description for 557 Lake Street, St. Catharines

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.

Listed by RE/MAX Escarpment Realty Inc.

Property details

MLS #

40792922
Sq. Ft

2766
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1956
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

4
Family Room

n/a
Den

n/a
Exterior

Brick
Fireplace

n/a
Roof

Asphalt Shing
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

MLS #

40792922
Sq. Ft

2766
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1956
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

4
Family Room

n/a
Den

n/a
Exterior

Brick
Fireplace

n/a
Roof

Asphalt Shing
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

Kitchen

15.06 x 13.06 ft Main level
Bedroom Primary

15 x 11.02 ft Main level
Living Room

22.09 x 14.08 ft Main level
Bedroom

12 x 11.07 ft Main level
Bedroom

11.08 x 9.05 ft Main level
Bedroom Primary

15 x 14 ft Basement level
Kitchen/Dining Room

19 x 28.06 ft Basement level
Bedroom

15 x 6 ft Basement level
Bathroom

false Main level

4-Piece
Bedroom

14.04 x 15 ft Basement level
Bathroom

false Basement level

3-Piece
Laundry

false Basement level
Laundry

false Main level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Local Real Estate Price Trends for Single Family Residence in Lakeport

Active listings

Average Selling Price of a Single Family Residence

March 2026

$616,250

Last 3 Months

$789,639

Last 12 Months

$680,146

March 2025

$668,786

Last 3 Months LY

$683,762

Last 12 Months LY

$684,620

Change

-8%

Change

15%

Change

-1%

Number of Single Family Residence Sold

March 2026

Last 3 Months

Last 12 Months

March 2025

Last 3 Months LY

Last 12 Months LY

Change

-43%

Change

-25%

Change

20%

How many days Single Family Residence takes to sell (DOM)

March 2026

Last 3 Months

Last 12 Months

March 2025

Last 3 Months LY

Last 12 Months LY

Change

-66%

Change

63%

Change

36%

Average Selling price

Inventory Graph

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Down Payment ($)

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Closing Cost Calculator

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Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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