158 Lake Street, St. Catharines, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of 451 - Downtown. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $649,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 55 x 79 ft lot
- Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: On Demand Water Heater
- Efficient water heating via gas
Description
THIS FULLY RENTED BRICK TRIPLEX OFFERS A PERFECT BLEND OF MODERN UPDATES AND STRONG FINANCIAL PERFORMANCE. CENTRALLY LOCATED JUST A SHORT WALK TO MOST AMENITIES AND DOWNTOWN. FEATURES TWO 2 BEDROOM UNITS AND ONE SINGLE BEDROOM. MODERN UPDATES INCLUDE SECOND FLOOR DECK, ROOF, GAS BOILER, HOT WATER ON DEMAND, WINDOWS, SOFFITS, FACIA, EAVES, AND DOWN PIPES. TAKE THE NEXT STEP TOWARDS EXPANDING YOUR REAL ESTATE PORTFOLIO. SEE FINANCIALS IN DOCUMENT SECTION
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Pricing & Value Insights
Data-driven valuation for 158 Lake Street, St. Catharines, ON L2R 5Y7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in St. Catharines, ON
For a property listed at $649,000 in St. Catharines, the legal minimum down payment is $39,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $9,455 for this transaction. As this listing is in St. Catharines (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.