2-Bed Bungalow with Studio Garage near Montebello Park

Property details for 218 Lake Street, St Catharines

Type: Residential
Style: Other
Bedrooms: 2
Bathrooms: 2
Living Area: 940 square feet
Stories: 1
Basement: Partially finished, Partial
Parking: Detached Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Vinyl siding
Ownership: Freehold
Annual Taxes: $2,879

You're a five-minute drive from Montebello Park, and the downtown St. Catharines core is just 1.4 km away. This 1929 bungalow packs a lot into 940 sq ft above grade. Two good-sized bedrooms share the main floor, along with a recently renovated 4-piece bath and a kitchen with quartz counters and stainless steel appliances. The family room at the front gets nice light, and the dinette off the kitchen has sliding doors to the backyard. It's fenced, private, and quiet. The big surprise is the detached garage. It's set up like a studio with its own A/C and a wet bar. Perfect for a workshop, man cave, or creative space. The partial basement adds a rec room, 3-piece bath with a standalone tub, plus laundry and storage. In-law suite potential if you need it. Recent renovations mean it's in good shape for its age. With parking for three cars and a 35-foot frontage, the lot's decent for downtown. Annual taxes are $2,879. It's listed at $450k, close to the $449,900 median price for nearby listings. Ten units sold in the last 30 days, with a median sold price of $499k, so this one won't hang around long.

About 218 Lake Street, St Catharines — Property Score

Strong Investment Hot Market

Score: 69/100

Value

Priced 10% below area median of $499,900 based on 23 comparable properties nearby 85

$479/sqft - 6.6% below the $513/sqft area median 80

Stable pricing - no price changes since original listing date 50

Size

940 sqft - 18% less space than similarly priced homes (1,145 sqft median) 46

2 bedrooms - 1 fewer than similarly priced 3-bedroom homes nearby 48

2 bathrooms - typical for similarly priced properties 60

Location

$43K median household income - below the Canadian average of $70K 51

83% of residents hold postsecondary credentials - a highly educated neighbourhood 90

29% homeownership rate - a renter-majority neighbourhood 50

80% of residents commute under 30 minutes - excellent commuter accessibility 94

1,481/km² population density - a well-balanced suburban area 85

Market

Just listed - area average is 47 days on market 100

+49.8% median price change over 1 month - rising prices in the area 100

30.8 months of housing supply - 401 active listings with 13 sold last month (buyer's market) 40

Features

3-car garage - area average is 4.3 spots 80

Partially finished, Partial basement - potential for additional finished space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

Built in 1929 (97 years old) - established home with character, older than the area average (1953) 35

No premium extras like pool, waterfront, or view 50

Investment

0.64% effective tax rate ($2,879/yr) - below the Canadian average of ~1% 81

71% renter population - strong rental demand in this area 100

Quality

Condition

Listing

47 photos provided - 38% more than the area average of 34 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.