4107 Portage Rd
Niagara Falls, L2E 6A2
FOR SALE
$438,888
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BEDROOMS1
BATHROOMS1
KITCHENS6
ROOMSX8203624
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Property Description
Rare opportunity to own a commercial zoned property, with the option to fully convert to residential, to lease, or a combination. Prime location, walking distance to many amenities, steps to public transportation, 10-15mins away from Niagara Falls, US border, major highways, casino and shopping. Access to both Drummond and Portage Rd., 10+ parking spaces with income potential to rent out parking spaces. Home features 3 bedrooms (2 rooms with partial wall taken down, easy to convert back), 1 bathroom (tub removed for business, easy re-install with rough-in present). Separate entrance to basement. Roof (2021), furnace (2023), hot water tank (2022), thermostat (2017), deck (2022). NOTE: Property taxes shown in listing is higher based on the use of property, please contact MPAC to get an accurate estimate for the property dependent on your use.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-11-30 | 2024-04-04 | 126 | $499,999 | - | Terminated |
| 2023-11-30 | 2024-04-04 | 126 | $499,999 | - | Terminated |
| 2023-10-17 | 2023-11-29 | 43 | $549,900 | - | Terminated |
| 2023-07-29 | 2023-10-18 | 81 | $599,000 | - | Terminated |
| 2023-07-11 | 2023-07-29 | 18 | $749,999 | - | Terminated |
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Property Details
Street
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
42' x 115'
Fronting
West
Taxes
$6,060 (2023)
Basement
Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Private
Garage Type
None
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Niagara Falls Market Statistics
Niagara Falls Price Trend
4107 Portage Rd is a 3-bedroom 1-bathroom home listed for sale at $438,888, which is $197,582 (31.0%) lower than the average sold price of $636,470 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls increased by $864 (0.1%) compared to the previous 30 day period (February 29 - March 29) and down $82,264 (11.4%) from the same time one year ago.Inventory Change
There were 68 3-bedroom homes listed in Niagara Falls over the last 30 days (March 30 - April 28), which is up 7.9% compared with the previous 30 day period (February 29 - March 29) and up 19.3% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($15,390) (2.4%) below asking price over the last 30 days (March 30 - April 28), which represents a $2,724 increase compared to the previous 30 day period (February 29 - March 29) and ($22,078) more 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 3-bedroom homes in Niagara Falls over the last 30 days (March 30 - April 28) stood at 75.0%, up from 52.4% over the previous 30 days (February 29 - March 29) and up from 56.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Niagara Falls stood at 18 days when successfully sold over the last 30 days (March 30 - April 28), compared to 55 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Miracle Realty Ltd
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