5042 Ontario Ave
Niagara Falls, L2E 3R9
FOR SALE
$569,000
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
3
BEDROOMS2
BATHROOMS2
KITCHENS11 + 1
ROOMSX8042800
MLSIDContact Us
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.
Call
Call
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
Call
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 |
Call
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 $64,327 (10.2%) lower than the average sold price of $633,327 in the last 30 days (October 15 - November 13). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls declined by $38,754 (5.8%) compared to the previous 30 day period (September 15 - October 14) and up $19,899 (3.2%) from the same time one year ago.Inventory Change
There were 47 3-bedroom homes listed in Niagara Falls over the last 30 days (October 15 - November 13), which is down 35.6% compared with the previous 30 day period (September 15 - October 14) and down 14.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($18,225) (2.9%) below asking price over the last 30 days (October 15 - November 13), which represents a $1,326 increase compared to the previous 30 day period (September 15 - October 14) and ($25,485) 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 (October 15 - November 13) stood at 1,212.8%, up from 58.9% over the previous 30 days (September 15 - October 14) and up from 38.2% 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 27 days when successfully sold over the last 30 days (October 15 - November 13), compared to 57 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realty Services Inc.
Similar Listings
Great Income Property, steps from the Niagara River, Casino, Shopping and more. Duplex, with two completely separate units. Unit 1 - Main floor with Living, dining, kitchen, bedroom and bathroom. Basement has 2nd bath, and is partially finished but more suitable for storage. Upper Unit - Has kitchen, living area, 2 bedrooms and an open concept 3rd floor loft. Currently vacant. Previously rented for $1600 on the main and $1900 for the upper unit. Both units have access to shared laundry facility and both units are separately metered.
Call
Excellent Investment Opportunity! LEGAL DUPLEX at corner of Drummond & Dixon - less than 2km from Fallsview Blvd, close to public transit, highways, schools, shopping and amenities. Two self-contained units with separate entrances. Spacious 1Bed, 1Bath suite on main level. Larger 3Bed suite occupying rest of main level & all of 2nd floor. Unit offers primary bdrm with bright windows on mail level and 2 well-sized bdrms and bath on upper level. Large corner lot provides plenty of parking. Great tenants willing to stay or vacate with adequate notice. Take over and start collecting revenue right away or live in one unit and keep the rent coming in from the other one. Amazing location, close to Niagara Falls. Strong potential for future development. Buy a detached, 1.5 storey legal duplex, on a large lot in prime location for the price of a condo! 24hrs for showings please. Don't delay!
Call
Call