465 Main St W
Niagara Falls, L3K 3W2
FOR SALE
$399,000
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4
BEDROOMS3
BATHROOMS1
KITCHENS8
ROOMSX9234418
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Property Description
Welcome to this charming 2-story detached home, ideally situated on Main Street in the heart of Port Colborne's bustling business district. This versatile property, zoned for both commercial and residential use, offers endless possibilities. Featuring 4 bedrooms, 2 full baths, and 1 half bath, this spacious home is perfect for big families or investors looking to generate rental income. The property boasts a new roof and two recently renovated bathrooms. Additionally, it has central AC, gas heating, and a tankless water heater, ensuring year-round comfort and energy efficiency. The deep 167-foot lot provides ample parking with space for up to 10 cars, making it convenient for both residents and potential customers. The 50-foot wide lot on prime Main Street is excellent for appreciation. Surrounded by popular local businesses, including a diner, Tim Hortons, and pizza restaurants, you are within walking distance to amenities, restaurants, community, and nightlife. With many businesses fronting on the same street, there is a high possibility of running a commercial business on this property. Don't miss out on this prime location with endless potential!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-10 | 2024-07-29 | 19 | $449,000 | - | Terminated |
| 2024-06-22 | 2024-07-02 | 10 | $449,000 | - | Terminated |
| 2024-06-07 | 2024-06-21 | 14 | $499,000 | - | Terminated |
| 2024-05-26 | 2024-06-06 | 11 | $499,000 | - | Terminated |
| 2024-05-09 | 2024-05-25 | 16 | $539,000 | - | Terminated |
Property Features
Clear View, Hospital, Park, Part Cleared, Place Of Worship, Ravine
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Property Details
Street
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
50' x 167'
Acreage
.50-1.99
Fronting
West
Taxes
$2,076 (2023)
Basement
Crawl Space, None
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Circular
Garage Type
None
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Niagara Falls Market Statistics
Niagara Falls Price Trend
465 Main St W is a 4-bedroom 3-bathroom home listed for sale at $399,000, which is $310,883 (43.8%) lower than the average sold price of $709,883 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in Niagara Falls declined by $116,117 (14.1%) compared to the previous 30 day period (September 21 - October 20) and up $57,883 (8.9%) from the same time one year ago.Inventory Change
There were 38 4-bedroom homes listed in Niagara Falls over the last 30 days (October 21 - November 19), which is down 0.0% compared with the previous 30 day period (September 21 - October 20) and up 35.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Niagara Falls typically sold ($18,961) (2.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $1,488 increase compared to the previous 30 day period (September 21 - October 20) and ($22,000) 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 4-bedroom homes in Niagara Falls over the last 30 days (October 21 - November 19) stood at 839.5%, up from 31.6% over the previous 30 days (September 21 - October 20) and up from 17.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Niagara Falls stood at 27 days when successfully sold over the last 30 days (October 21 - November 19), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Housesigma Inc.
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Investors, Developers, And Builders; Great Opportunity To Develop, Build, Invest, Or Live. Property is Zoned "CB" (COMMERCIAL BUSINESS) allowing for multi-use/multi-residential/short/long term rental. Mere steps from the Bus station and GO STATION, Bridge to USA, the many shops and dining experiences of the downtown core, Fallsview casino, tourist attractions, and the Niagara River. It is encouraged to purchase with the adjacent property next door - 4514 Bridge Street, also Zoned CB. The possibilities are endless in acquiring one or both of these uniquely and rare zoned properties. Currently a detached 2-storey dwelling with 4 Bedrooms and 2 Bathrooms.
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