3531 Rapids View Dr
223 - Chippawa, Niagara Falls, L2G 7M8
FOR SALE
$1,350,000

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2 + 2
BEDROOMS3
BATHROOMS1 + 1
KITCHENS5 + 4
ROOMSX11950142
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Property Description
PROFITABLE BUSINESS OR BEAUTIFUL FAMILY HOME! This beautiful, raised bungalow with 2+2 bedrooms and 3 full bathrooms, located in Niagara Falls offers 2,450 sq ft of livable space- 1,350 sqft on the upper level and 1,100 sqft on the lower level-with income potential as a Bed & Breakfast. Located on a quiet, dead-end street, it features stunning views of the Niagara River and Kingsbridge Park plus access to the Niagara Parkway trail. The private backyard oasis includes a heated inground saltwater pool, an 8-person hot tub, a gazebo, and an outdoor kitchen under a pavilion. Inside, enjoy an updated kitchen with honed granite counters, open living spaces, and a lower-level in-law suite with a separate entrance. The owner can live in one unit while renting out the other. currently a thriving short-term rental, it's minutes from Chippawa Village, wineries and Niagara Falls' top attractions. A perfect retreat or income-generating investment.
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Property Details
Street
Community
City
Property Type
Detached, Bungalow-Raised
Lot Size
56' x 130'
Acreage
< .50
Lot Irregularities
104.84x120.21x55.63x31.22x99.00 ft
Fronting
West
Taxes
$5,618 (2024)
Basement
Finished, Full
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 15.32' x 14.01' | |
Dining | Main | 11.68' x 11.91' | |
Kitchen | Main | 11.52' x 10.60' | |
Prim Bdrm | Main | 11.52' x 13.09' | |
Br | Main | 11.75' x 18.18' | |
Foyer | Main | 4.92' x 6.82' | |
Br | Bsmt | 14.07' x 13.85' | |
Br | Bsmt | 11.84' x 13.58' | |
Kitchen | Bsmt | 12.60' x 10.50' |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
3531 Rapids View Dr is a 2-bedroom 3-bathroom home listed for sale at $1,350,000, which is $752,584 (126.0%) higher than the average sold price of $597,416 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in Niagara Falls increased by $33,598 (6.0%) compared to the previous 30 day period (December 22 - January 20) and down $43,184 (6.7%) from the same time one year ago.Inventory Change
There were 25 2-bedroom homes listed in Niagara Falls over the last 30 days (January 21 - February 19), which is down 7.4% compared with the previous 30 day period (December 22 - January 20) and up 177.8% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Niagara Falls typically sold ($40,350) (6.8%) below asking price over the last 30 days (January 21 - February 19), which represents a $16,033 decrease compared to the previous 30 day period (December 22 - January 20) and ($5,300) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Niagara Falls over the last 30 days (January 21 - February 19) stood at 48.0%, up from 40.7% over the previous 30 days (December 22 - January 20) and down from 55.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Niagara Falls stood at 48 days when successfully sold over the last 30 days (January 21 - February 19), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Golfi Realty Inc.
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