158 Lake Street

Presenting a remarkable opportunity, this Multi-Family Home for sale in St. Catharines is located at 158 Lake Street, St. Catharines. This impressive brick multiplex, boasting a two-storey design, is fully rented and offers a harmonious blend of modern updates alongside a robust financial performance. Situated in the heart of the Niagara area, specifically within the 451 - Downtown community, this property is conveniently positioned just a short stroll away from a plethora of amenities and the vibrant downtown area.

The property features a total of 14 rooms, comprising five spacious bedrooms and three well-appointed bathrooms. This Multi-Family Home for sale in St. Catharines includes three kitchens, providing ample cooking facilities for each unit. Notably, there are no additional kitchens or rooms beyond those mentioned, ensuring a straightforward and efficient layout for potential tenants. The lack of a den and family room may appeal to those seeking a more streamlined living experience, while the absence of a central vacuum system and air conditioning allows for a focus on the property's core features.

The exterior of the building is predominantly brick, which not only enhances its aesthetic appeal but also contributes to its durability. The property has stood the test of time, with an age exceeding 100 years, and is situated on a generous lot measuring 55 X 79 feet. Although there is no pool or fireplace, the property does feature a detached garage with space for one vehicle, alongside parking for an additional three cars, which is a significant advantage in a bustling urban environment.

The heating system is powered by water, ensuring a consistent and reliable source of warmth throughout the colder months. The property is connected to municipal water and sewer services, providing peace of mind for both landlords and tenants alike. Internet connectivity is available, catering to the needs of modern residents, while the lack of furnishings offers a blank canvas for new occupants to personalise their living spaces.

Modern updates have been thoughtfully integrated into the property, including a second-floor deck that enhances the outdoor living experience. Recent improvements also encompass the roof, gas boiler, hot water on demand, as well as upgraded windows, soffits, fascia, eaves, and downpipes. These enhancements not only improve the overall functionality of the home but also contribute to its appeal in the competitive rental market.

For those looking to expand their real estate portfolio, this Multi-Family Home for sale in St. Catharines presents an enticing investment opportunity. The financial performance of the property is strong, with all units currently rented, ensuring a steady income stream for the new owner. Interested parties are encouraged to review the financials available in the document section, providing a clear insight into the property's profitability.

In conclusion, 158 Lake Street, St. Catharines, stands as an exceptional Multi-Family Home for sale in St. Catharines, perfectly situated to take advantage of the amenities and attractions of the downtown area. With its modern updates, ample living space, and strong rental history, this property is poised to attract both investors and tenants alike. Don't miss the chance to explore this outstanding opportunity in the heart of Niagara.

Downtown St. Catharines, often referred to as 451, is a vibrant urban hub that beautifully blends historic charm with modern amenities. Nestled along the picturesque Twelve Mile Creek, this area boasts a rich cultural tapestry, featuring an array of shops, cafés, and restaurants that cater to diverse tastes. Residents can enjoy easy access to local parks, art galleries, and theatres, creating a lively atmosphere that thrives on community engagement and creativity. With excellent public transport links and a welcoming spirit, 451 Downtown is an ideal place for those seeking a dynamic lifestyle in the heart of St. Catharines.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest school is Harriet Tubman Public School, just 0.2 km away, offering elementary education from Junior Kindergarten to Grade 8 with a rating of 5.9. St. Nicholas Catholic Elementary School is also nearby at 0.9 km, providing a Catholic education for grades K to 8 and rated at 4.1. For secondary education, St. Catharines Collegiate is 0.5 km away, although it has a lower rating of 3.2. A more highly-rated option is Sir Winston Churchill Secondary School, located 3.3 km away, which boasts a rating of 7.5. Additionally, Jeanne Sauve French Immersion Public School offers French-language education for grades 1 to 8, situated 3.2 km from the property with a rating of 6.4. Catholic education options include Saint Francis Catholic Secondary School, rated at 6.7, and Our Lady of Fatima Catholic Elementary School, rated at 6.6, both within a few kilometers. Overall, the area provides a diverse range of educational choices, catering to different preferences and needs for families considering this property.