5145 Rice Crescent
210 - Downtown, Niagara Falls, L2E 4A1
FOR SALE
$499,000
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3 + 2
BEDROOMS 4
BATHROOMS 2 + 1
KITCHENS 11 + 5
ROOMS X13720124
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Property Description
Strong investment opportunity with multiple income streams and excellent flexibility for investors or owner-occupants. This legal duplex features a spacious 2-bedroom main floor unit and a bright 1-bedroom upper unit, each with separate entrances. Additionally there is a lower-level living space with in-law potential offering separate entrance, kitchen, bathroom and two bedrooms. Coin laundry on site provides added revenue opportunity. Property offers parking for 3 vehicles and a low-maintenance backyard for tenant enjoyment. Centrally located in a convenient downtown area within walking distance to shopping, restaurants, amenities, and the Falls. Excellent opportunity to add value and maximize cash flow in a high-demand rental location. 24 hours notice required for all showings.
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Property Features
In-Law Capability
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Property Details
Address
5145 Rice Crescent
Community
City
Postal Code
L2E 4A1
Property Type
Duplex, Duplex
Zoning
R2
Lot Size
50' x 90'
Taxes
$2,620 (2025
Basement
Separate Entrance, Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Boldt Realty Inc., Brokerage
Exceptional duplex in a prime Niagara Falls location! This well-maintained property offers an outstanding opportunity for investors or owner-occupants seeking rental income in one of the city's growing neighbourhoods.A standout feature is the fully separated utilities, including two gas meters, two electrical panels, two private laundry areas, 2013 furnaces and hot water tanks, allowing each tenant to pay their own utilities. The property also offers two rear parking spaces and a separate basement reserved for owner storage and the utility room.The main floor unit features two bedrooms, a bright eat-in kitchen, a four-piece bathroom, in-suite laundry, and carpet-free flooring throughout.The upper unit offers an expansive 1.5 storey layout with two spacious bedrooms, a full kitchen, separate dining room, large living room, a four-piece bathroom with in-suite laundry, and a convenient two-piece powder room on the third level. Ideally located within walking distance to the Niagara Falls University, GO Train Station, public transit, shopping, restaurants, and Niagara Falls' vibrant downtown core, this turnkey duplex combines strong rental appeal with low operating costs thanks to separately metered services and updated mechanicals. Whether you're expanding your investment portfolio or looking to live in one unit while generating rental income from the other, this is an exceptional opportunity in one of Niagara Falls' fastest-growing neighbourhoods.
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Fantastic investment opportunity in the heart of Niagara Falls! This legal duplex features three self-contained one-bedroom units, making it an excellent option for investors or multi-generational living. Two units offer spacious layouts with 4-piece bathrooms, while the basement in-law suite includes a 3-piece bathroom. All three units come complete with their own kitchens. Situated on a deep lot of nearly 190 feet, this property also features a detached 2-car garage and an oversized driveway with parking for up to 5 vehicles - a rare find in this prime location. Conveniently located just steps from the GO Station and bus terminal, this property offers excellent accessibility for commuters and tenants alike. Only minutes from downtown, the world-famous falls, and Fallsview Casino Resort, the location provides exceptional lifestyle and tourism appeal. Adding even more future potential, Bridge Street is part of the downtown core revitalization plan, making this an exciting opportunity in a growing and evolving area of the city. Whether you are looking to expand your investment portfolio or occupy one unit while generating rental income, this property could be the one for you!
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