In a medium saucepan, cook and stir the water and sugars over medium-high heat until thickened, about 10-15 minutes. Remove from the heat and stir in the lemon juice. Cool completely.
Using a funnel, pour into a bottle with an air-tight lid or pump dispenser. Store on your counter-top up to two months.
Notes
*The lemon juice is to keep the liquid sugar from crystalizing and does not add lemon flavor.(Once cooled, add 3 Tablespoons of vanilla extract to make this a vanilla syrup, or try any other favorite flavored extract.)