557 LAKE Street
St. Catharines, Ontario
6 bed • 2 bath • Single Family
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.
Price History
Schools
Secondary
- Saint Francis Catholic Secondary School0.2 km
Catholic · Niagara CDSB · 505 students
Grade 10 literacy: 88% met the provincial standard
- Lifetime Learning Centre Secondary School0.3 km
Public · DSB Niagara · 50 students
- Eden High School0.5 km
Public · DSB Niagara · 1080 students
Grade 10 literacy: 91% met the provincial standard
Elementary
- École élémentaire L'Héritage0.3 km
French public · CS Viamonde · 160 students
Grade 3 reading: 87% met the provincial standard · Grade 6 math: 73% met the provincial standard
- Parnall Public School0.8 km
Public · DSB Niagara · 320 students
Grade 3 reading: 95% met the provincial standard · Grade 6 math: 69% met the provincial standard
- Pine Grove Public School0.9 km
Public · DSB Niagara · 380 students
Grade 3 reading: 84% met the provincial standard · Grade 6 math: 73% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L2N
- Population
- 30,719
- Private dwellings
- 13,827
- Median age
- 52
- Average household size
- 2.2
- Median household income
- $78,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in St. Catharines · last 12 months
- Median sold price
- $540,000
- Homes sold
- 1,610
- Median days on market
- 26
- Sale-to-list price
- 96.6%
Based on 1,610 recorded sales of single family properties in St. Catharines over the last 12 months.
Location
Mortgage Calculator
$134,980
Estimated Monthly Payment
$3,316
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,316/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $169/mo
Estimates only. Consult a financial advisor.
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