$650,000 - 135 Lake Street, St. Catharines
Multi-Family for Sale in St. Catharines
Neighbourhood: 451 - Downtown
- MLS Number
- X13632254
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 20
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- St. Catharines
- Listing Brokerage
- RE/MAX GARDEN CITY REALTY INC, BROKERAGE
Amazing quality and versatile mixed-use legal duplex located in the heart of the Lake Street small business community. Currently home to one of Niagara's top independent operating Realtors this premium office space and landmark location with a 1-bedroom apartment above is an excellent option with a variety of different uses. The M1 zoning allows for uses including office space, a café, restaurant, retail, convenience store, etc. or can even be converted to have two residential units instead. Completely rebuilt in 2020 the property is fully fire separated, has extensive sound dampening measure between the two units, features in floor gas radiant heating in poured thermal cement throughout the entire building, individual mini-split air conditioning units, separate HRV fresh air units, new plumbing, new electrical, separate hydro meters, newly upgraded insulation throughout, Hardie Board fibre cement siding, exterior camera security system, 7 parking spots plus street parking, a stand-alone 4 x 6 foot illuminated billboard lawn sign, and countless upgrades throughout. The main floor has a great open concept area that is adaptable to many uses, a full 3-piece washroom, full kitchen, as well as a partially finished basement space. The residential unit has a side porch that leads to a main floor mudroom entrance with laundry then proceeds up the stairs to an open concept kitchen, dining, and living room space as well as a healthy size bedroom and 3-piece washroom. Within walking distance to the Downtown St.Catharines business and entertainment district and a short drive to everything Niagara has to offer this incredible opportunity is an overall great business asset and investment.
Estimate your monthly payments for this property
Estimated Payment
$3,334.84/mo
Includes CMHC insurance ($18,135)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover 451 - Downtown
451 - Downtown is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in 451 - Downtown
- •Convenient location in St. Catharines
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
451 - Downtown offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
135 Lake Street, St. Catharines
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $591/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 20 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
About 451 - Downtown
I know 451 - Downtown well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: St. Catharines properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.