Detached House for sale at 557 Lake Street, St. Catharines, Ontario, L2N 4J1 - Lakeport - MLS: X12617058

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557 Lake Street

St. Catharines, Ontario, L2N 4J1 - Lakeport

$699,900

Neighbourhood

Lakeport
Major Intersection

Lakeshore and Lake

Listed Since: 1 day(s)
Last update: today

Overview

Property Type

Detached, Bungalow
Bedrooms

3 + 3
Bathrooms

3
Basement

Fin W/O
Kitchen

1 + 1
Total Parking

4
Lot Size

70.5x111.19 (Feet)
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 #

X12617058
Sq. Ft

1100-1500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

51-99
Pool

None
Drive

Private
Garage

None
Total Parking

4
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

Main
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

X12617058
Sq. Ft

1100-1500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

51-99
Pool

None
Drive

Private
Garage

None
Total Parking

4
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

Main
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Kitchen

4.72 x 4.11 ft Main level
Living

6.93 x 4.47 ft Main level
Primary

4.57 x 3.4 ft Main level
2nd Br

3.56 x 2.87 ft Main level
3rd Br

3.66 x 3.53 ft Main level
Kitchen

5.79 x 8.69 ft Bsmt level
Primary

4.57 x 4.27 ft Bsmt level
4th Br

4.37 x 4.57 ft Bsmt level
5th Br

4.57 x 1.83 ft Bsmt level

Contact Manoj Kukreja

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

Local Real Estate Price Trends for Detached in Lakeport

Active listings

Average Selling Price of a Detached

November 2025

$594,129

Last 3 Months

$658,632

Last 12 Months

$659,321

November 2024

$659,025

Last 3 Months LY

$654,796

Last 12 Months LY

$677,515

Change

-10%

Change

-3%

How many days Detached takes to sell (DOM)

November 2025

Last 3 Months

Last 12 Months

November 2024

Last 3 Months LY

Last 12 Months LY

Change

-14%

Change

-26%

Change

33%

Average Selling price

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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.