4710 Drummond Rd
Niagara Falls, L2E 6C9
FOR SALE
$574,900
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Property Description
Introducing a fantastic investment opportunity in the heart of Niagara Falls: a well-maintained side-by-side duplex on a spacious 50 x 150 corner lot and VACANT on closing! This property features two distinct units, offering flexibility for various living arrangements or rental income. Unit 1 boasts 3 bedrooms and 1 bathroom, perfect for a family or group of tenants. Unit 2, newly constructed in 2021 with all necessary permits, is a modern 1-bedroom, 1-bathroom unit. The property also includes a 1-car garage and is conveniently located close to a wide array of amenities, making it an attractive option for both investors and homeowners alike. Don't miss out on this versatile and promising property in a prime location!
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Property Details
Street
City
Property Type
Duplex, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
50' x 150'
Fronting
East
Taxes
$4,529 (2024)
Basement
Crawl Space
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Attached
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Niagara Falls Market Statistics
Niagara Falls Price Trend
4710 Drummond Rd is a 4-bedroom 2-bathroom home listed for sale at $574,900, which is $229,940 (28.6%) lower than the average sold price of $804,840 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 4 bedroom home in Niagara Falls increased by $20,083 (2.6%) compared to the previous 30 day period (July 22 - August 20) and down $45,160 (5.3%) from the same time one year ago.Inventory Change
There were 48 4-bedroom homes listed in Niagara Falls over the last 30 days (August 21 - September 19), which is up 17.1% compared with the previous 30 day period (July 22 - August 20) and up 33.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Niagara Falls typically sold ($28,624) (3.6%) below asking price over the last 30 days (August 21 - September 19), which represents a $132 increase compared to the previous 30 day period (July 22 - August 20) and ($38,000) 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 (August 21 - September 19) stood at 456.2%, down from 1,056.1% over the previous 30 days (July 22 - August 20) and up from 19.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Niagara Falls stood at 19 days when successfully sold over the last 30 days (August 21 - September 19), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Complete Realty
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