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Investment signal

$350,000

114 LAKE STREET

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Beds

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Baths

Sqft

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Year

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Type

Office

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for St. Catharines (Downtown). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

INVESTMENT PROPERTY OR LIVE IN ONE AND RENT THE OTHER. 2 self-contained units side by side. One 3 Bedrm renovated; new flooring, painted, newer windows, updated Bathrm and more. Tenants pay heat and hydro. Front unit has electrical heating. Back unit has gas heating and Laundry. Front 1 Bedrm units is currently occupied by the tenant. Good Tenant willing to stay. In the past front unit was used for commercial space/office. Great location, close to all amenities, on bus route. Zoning M1. List of permitted uses in documents. ***Parking on the street or free parking on Albert Str. Possibility to add one parking spot at the front of the property. (id:65958)

Subtype: Office
Structure: Offices
Community: 451 - Downtown
Living area: 1,150 square feet
Lot dimensions: 30.18 x 92 FT
On market: Apr 20, 2026
Status changed: Apr 21, 2026
Annual tax: $2,700
Zoning: M1
Photos: 22
MLS#: X13019462
Area: ST._CATHARINES_(DOWNTOWN)

Features and systems

Appliances

WasherDryer

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Positive cash flow ~$183/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

3.14%

Cap rate

5.49%

GRM

12.2

Break-even rent

$2,207

Financing

Down payment$70,000

Loan amount$280,000

Mortgage$1,419/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$160

Insurance$80

Maintenance$292

CapEx reserve$146

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,419/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.