557 Lake Street, St. Catharines, ON L2N 4J1
443 - Lakeport, St. Catharines · Near Lakeshore and Lake · View map
About this home
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.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 3
- Bathrooms
- 2
- Kitchens
- 3
- Rooms
- 5
- Basement
- Finished with Walk-Out
- Lot size
- 70.5 x 111.2 ft
- Faces
- West
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
- Parking features
- Private
Taxes & other
- Property taxes
- $4,650/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Lakeshore and Lake
- Neighbourhood
- 443 - Lakeport
More
- Price per sq ft
- ~$511 (at 1,300 sq ft)
- Listed
- Jul 21, 2026 · 83 days ago
- MLS® number
- X13588644
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The home and its surroundings
- Carpet Free
- In-Law Capability
- In-Law Suite
- Separate Hydro Meter
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
557 Lake Street, St. Catharines, ON L2N 4J1
443 - Lakeport, St. Catharines · Near Lakeshore and Lake
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Listing history for 557 Lake Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 557 Lake Street
Answers come straight from this home’s MLS® listing.
How much is 557 Lake Street listed for, and what would it cost each month?
557 Lake Street is listed for $664,900. With 20% down ($132,980), the mortgage payment would be roughly $2,682 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,070 a month, all in. That figure is an illustration, not a quote.
Is 557 Lake Street freehold or a condo, and is there a monthly fee?
557 Lake Street is a bungalow in 443 - Lakeport, St. Catharines. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 557 Lake Street have?
557 Lake Street has 3 bedrooms, plus 3 more bedrooms in the basement, and 2 bathrooms.
Does 557 Lake Street have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 557 Lake Street have a finished basement?
The listing describes the basement as finished with walk-out. It counts 3 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 557 Lake Street?
557 Lake Street is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 557 Lake Street, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 70.5 x 111.2 ft.
How is 557 Lake Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 557 Lake Street?
Property taxes are $4,650 a year (2025), or about $388 a month.
Where is 557 Lake Street?
557 Lake Street is in the 443 - Lakeport community of St. Catharines. The nearest main intersection is Lakeshore and Lake. The postal code is L2N 4J1.
How long has 557 Lake Street been on the market?
557 Lake Street was listed on July 21, 2026. It has been on the market for 83 days. It is an active listing (MLS® X13588644). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 557 Lake Street asking?
Similar bungalow-style homes for sale nearby right now include 542 Lake Street at $599,000 (3+1 bed), 5 Meadowvale Drive at $598,000 (3+1 bed) and 38 Albany Drive at $739,000 (3+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 557 Lake Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 557 Lake Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near 443 - Lakeport, picked by style, size and price.
Bungalow$599,000542 Lake Street, St. Catharines3+1 bed · 2 bath · 443 - LakeportCourtesy of: ROYAL LEPAGE NRC REALTYView home →
Bungalow$598,0005 Meadowvale Drive, St. Catharines3+1 bed · 3 bath · 443 - LakeportCourtesy of: TRUSTWELL REALTY INC.View home →
Bungalow$739,00038 Albany Drive, St. Catharines3+1 bed · 2 bath · 443 - LakeportCourtesy of: EXP REALTYView home →Courtesy of: RE/MAX ESCARPMENT REALTY INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.