5042 Ontario Ave
Niagara Falls, L2E 3R9
FOR SALE
$569,000
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3
BEDROOMS2
BATHROOMS2
KITCHENS11 + 1
ROOMSX8042800
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Property Description
Excellent investment opportunity to own a two-storey legal duplex (main floor & upper level) that is already fully rented by two A+ tenants. ( monthly rent $2820 includes heat, hydro & water). This downtown Niagara Falls property is a stone's throw from the Niagara River, minutes to the Casino, attractions and the USA. Both units have been professionally renovated, are freshly painted, and complete with vinyl plank flooring throughout. Main floor is one bedroom with a bright spacious kitchen, combined living room / dining room, and 9 foot ceilings. Also a 4-piece bathroom with a backyard facing window. Entrance to main floor unit is through the rear entrance mudroom with closet & large window. Upper unit is a bright, two bedroom spacious apartment with a large eat-in kitchen, and modern 3-piece bath featuring a glass shower. Common access basement has been professionally waterproofed, has s sump pump, two dedicated storage units, and clothes washer & dryer.
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Property Details
Street
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
30' x 125'
Acreage
< .50
Fronting
West
Taxes
$2,739 (2023)
Basement
Walk-Up
Exterior
Stucco/Plaster, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Front Yard
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Ground | 10.73' x 12.93' | Plank Floor, Large Window, Walk-Out |
| Mudroom | Ground | 4.13' x 6.43' | Plank Floor, Large Window, Closet |
| Living | Ground | 11.29' x 15.42' | Plank Floor, Pot Lights, French Doors |
| Prim Bdrm | Ground | 11.06' x 11.42' | French Doors, Large Window, Double Closet |
| Bathroom | Ground | 5.71' x 7.19' | Plank Floor, 4 Pc Bath, Window |
| Kitchen | Upper | 12.01' x 12.37' | Plank Floor, Eat-In Kitchen, Large Window |
| Living | Upper | 7.74' x 15.81' | Plank Floor, Open Concept, Large Window |
| Prim Bdrm | Upper | 7.41' x 13.91' | Plank Floor, Large Window, Closet |
| 2nd Br | Upper | 10.73' x 11.15' | Plank Floor, Window, Closet |
| Bathroom | Upper | 6.00' x 7.25' | Plank Floor, 3 Pc Bath, Large Window |
| Foyer | Upper | 7.32' x 8.30' | Plank Floor, Window, Closet |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5042 Ontario Ave is a 3-bedroom 2-bathroom home listed for sale at $569,000, which is $70,150 (11.0%) lower than the average sold price of $639,150 in the last 30 days (April 5 - May 4). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls declined by $2,316 (0.4%) compared to the previous 30 day period (March 6 - April 4) and down $51,906 (7.5%) from the same time one year ago.Inventory Change
There were 78 3-bedroom homes listed in Niagara Falls over the last 30 days (April 5 - May 4), which is up 34.5% compared with the previous 30 day period (March 6 - April 4) and up 41.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($15,371) (2.4%) below asking price over the last 30 days (April 5 - May 4), which represents a $2,555 increase compared to the previous 30 day period (March 6 - April 4) and ($18,272) 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 (April 5 - May 4) stood at 67.9%, up from 51.7% over the previous 30 days (March 6 - April 4) and down from 80.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Niagara Falls stood at 18 days when successfully sold over the last 30 days (April 5 - May 4), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realty Services Inc.
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