218 LAKE Street, St. Catharines

$429,900
218 LAKE Street

$429,900

New
7d
DetachedBungalow

218 LAKE Street, St. Catharines

Total Monthly Obligation $2,349

Beds
2
Baths
2
Park
2
Sqft
700-1100
DOM
7d
Score
26
Yield
6.7%
Cash on Cash
4.0%
Cap Rate
5.4%
5Y IRR
18.8%
10Y IRR
17.2%
Property Type-Detached
MLS® Number-X14085460
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-35 × 100 ft
Listed on site-Oct 16, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,879 (2026)
Parking-2 - Detached
Basement-Partially Finished, Partial Basement
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-451 - Downtown
Title-Residential Freehold

No agent assigned

Welcome to 218 Lake Street, a charming 2-bedroom, 2-bathroom detached home in St. Catharines' desirable Haig neighbourhood. The updated main floor features a bright open-concept living and dining area, a modern kitchen with quartz countertops and stainless steel appliances, two comfortable bedrooms, and an updated bathroom. The kitchen offers direct access to the backyard, making summer BBQs and outdoor entertaining easy. Enjoy the private, fully fenced backyard with mature landscaping, established gardens, and a spacious deck-perfect for relaxing, gardening, or hosting friends. A standout feature is the detached garage, transformed into a finished entertaining and flex space complete with a bar, refrigerator, and air conditioning. Use it as a hangout, game room, hobby space, or home office. Additional attic storage is accessible by a pull-down ladder. The lower level offers laundry, storage, a recreation/den area, and a large 3-piece bathroom with a clawfoot tub. With approximately 5'10" ceiling height, the basement is best suited for recreation, hobbies, and storage rather than conventional additional living space or a secondary suite. Conveniently located near downtown St. Catharines, restaurants, cafés, groceries, parks, schools, and everyday amenities. Buyers should expect some street activity, while the fenced backyard offers a more private outdoor retreat. A pre-listing home inspection is available to interested buyers. If you're looking for an updated main floor, a beautiful backyard, unique entertaining space, and an urban location without needing a finished basement or secondary suite, 218 Lake Street is worth a look!

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$
%
%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$343,920
Land Transfer Taxes$5,073
Legal Fees (Est.)
$
Total cash required for closing$92,553

Total Monthly Obligation

$2,349/mo
Mortgage $1,734
Monthly Loss $1,893
Principal$456
Interest$1,278
Property Tax$240
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.6%4
5-Year IRR
13.7%62
10-Year IRR
13.5%
Returns Index
32.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$28,632/yr
NOI
$18,390/yr
Net Cash Flow
-$202/mo
Cash Margin
-8.4%1
Cash Flow Index
0.9/ 100
Risk Profile
Weight: 20%
DSCR
0.8819
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo70
Risk Index
35.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 218 LAKE Street

Time

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Data last updated within the past 24 hours.