5061 University Ave
Niagara Falls, L2E 7B2
FOR SALE
$684,900
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Property Description
This stunning 3-level backsplit is a gem in every aspect. Well-maintained and boasting ample space, this home offers a perfect blend of comfort and functionality. Step inside to discover a spacious interior featuring 3 bedrooms and 2 full baths. Prepare to be impressed by the generous room sizes, creating an inviting atmosphere for everyday living and entertaining. Key updates ensure peace of mind and modern convenience, including a roof installed in 2008, AC unit in 2017, & a furnace replaced in 2022. All window seals have been meticulously redone, enhancing both aesthetics and energy efficiency. The heart of this home lies in its Artcraft Kitchen, showcasing beautiful maple cabinets with an exquisite cognac finish. Whether you're a culinary enthusiast or simply enjoy gathering with loved ones, this kitchen is sure to inspire. One of the highlights of this property is the sunroom, added in 2003, providing a serene retreat with access to the lower level. This additional space presents endless possibilities, perfect for a separate apartment or in-law suite to accommodate extended family or guests. Parking will never be an issue with the convenience of a 4-car concrete driveway. Situated in a mature neighborhood, this home offers a peaceful retreat while still being just minutes away from all the amenities that Niagara Falls has to offer. Easy highway access ensures effortless commuting to surrounding areas.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-23 | 2024-12-31 | 99 | $699,900 | - | Expired |
| 2024-04-19 | 2024-09-20 | 154 | $699,900 | - | Terminated |
Property Features
Fenced Yard, Hospital, Park, Public Transit, School, School Bus Route
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Property Details
Street
City
Property Type
Detached, Backsplit 3
Lot Size
50' x 120'
Fronting
West
Taxes
$3,876 (2024)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.24' x 23.49' | |
| Kitchen | Main | 10.60' x 18.41' | |
| Br | 2nd | 10.17' x 8.92' | |
| Br | 2nd | 13.58' x 8.99' | |
| Prim Bdrm | 2nd | 10.50' x 12.66' | |
| Rec | Lower | 22.18' x 14.83' |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5061 University Ave is a 3-bedroom 2-bathroom home listed for sale at $684,900, which is $122,517 (21.8%) higher than the average sold price of $562,383 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls declined by $32,132 (5.4%) compared to the previous 30 day period (December 22 - January 20) and up $22,328 (4.1%) from the same time one year ago.Inventory Change
There were 84 3-bedroom homes listed in Niagara Falls over the last 30 days (January 21 - February 19), which is down 3.4% compared with the previous 30 day period (December 22 - January 20) and up 64.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($15,213) (2.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $2,532 decrease compared to the previous 30 day period (December 22 - January 20) and ($22,911) 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 (January 21 - February 19) stood at 35.7%, down from 36.8% over the previous 30 days (December 22 - January 20) and down from 52.9% 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 47 days when successfully sold over the last 30 days (January 21 - February 19), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Golfi Realty Inc.
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