5024 Stamford St
Niagara Falls, L2E 1M3
FOR SALE
$499,900
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BEDROOMS3
BATHROOMS2
KITCHENS17
ROOMSX9351492
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Property Description
Welcome to 5024 Stamford Street! Prime location nestled amidst lush greenery! Situated on a quiet cul-de- sac with direct access to a park, and just a 10-minute walk to Clifton Hill and Niagara Falls. The GO Bus is conveniently at the end of the street, providing easy commuting options. Endless possibilities in this home, it is versatile and spacious, perfect for multi-generational families or young adults seeking their own space. Bachelor apartment is open concept living at its finest. The middle workshop section offers the unique opportunity to remove the lower ceiling and reveal an existing cathedral ceiling, allowing for the creation of another large, open room. Plus, there's potential to add a third unit within the house, expanding its income- generating possibilities. This property offers fantastic income potential, whether you choose to live in one unit and rent out the other, or develop the property further to maximize returns! Whether you dream of a serene family retreat, or a cozy haven for tourists eager to explore Niagara Falls or a HIGHLY PROFITABLE RENTAL INVESTEMENT OPPORTUNITY WITH A POTENTIAL FOR 3 VACANT UNITS. It's current zoning is DUPLEX, NOT TENANTED, so you can set your own rents and choose your own tenants. Don't miss this great investment opportunity today!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-10 | 2024-08-28 | 79 | $699,900 | - | Terminated |
Extras
NO RENTED EQUIPMENT, ROOF 2015, FURNACE 2016
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Property Details
Street
City
Property Type
Duplex, 2-Storey
Lot Size
50' x 100'
Fronting
South
Taxes
$2,845 (2023)
Basement
None
Exterior
Alum Siding, Stucco/Plaster
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5024 Stamford St is a 4-bedroom 3-bathroom home listed for sale at $499,900, which is $304,940 (37.9%) 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 3-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 Re/Max Real Estate Centre Inc.
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