5161-5163 River Road
210 - Downtown, Niagara Falls, L2E 3G8
FOR SALE
$825,000
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4
BEDROOMS 2
BATHROOMS 2
KITCHENS 12
ROOMS X13800086
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Property Description
SPECTACULAR NIAGARA RIVER DUPLEX WITH INCREDIBLE INCOME POTENTIAL! Situated on prestigious River Road, one of Niagara's most highly sought-after neighborhoods overlooking the majestic Niagara River, this massive, fully upgraded property offers an exceptional opportunity for savvy investors or owner-occupiers. The property features two expansive 1,300-square-foot units, each offering 2 spacious bedrooms, a beautifully updated bathroom, a bright sunroom, a kitchen, a formal dining room, and a living room complete with elegant French doors and gleaming hardwood floors. Both main and second-floor units boast individual full basements for ample storage, separate gas and hydro meters, and two owned hot water tanks. Capital improvements abound with a complete electrical rewiring in 2023 featuring pot lights throughout and hardwired smoke detectors, along with fully replaced windows and air conditioning spanning all three floors. A detached double garage with concrete floors provides excellent parking or storage. Financially rewarding, the main floor currently generates $1,940 per month plus heat and hydro. The identical second-floor unit also commands $2,500 per month plus heat and hydro, and will be delivered vacant-perfect for an owner-occupant or an investor looking to set current market rents. Massive upside awaits in the 800-square-foot, partially finished third-floor loft Already framed and plumbed for a kitchen, bathroom, and living area, this space offers the opportunity to create a separate Additional Dwelling Unit (ADU) for rental income. Alternatively, it can be integrated into the second-floor apartment as a spectacular master suite with an ensuite bathroom, transforming the unit into a high-value three-bedroom apartment. Turnkey mechanics, premium location, and undeniable value-add potential make this River Road gem a rare find
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Property Features
Separate Hydro Meter, Other
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Property Details
Address
5161-5163 River Road
Community
City
Postal Code
L2E 3G8
Property Type
Duplex, Duplex
Lot Size
50' x 152'
Taxes
$4,645 (2026
Basement
Full, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
Detached
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Listing contracted with Re/Max Niagara Realty Ltd, Brokerage
Welcome to an incredible multi-residential opportunity in the heart of Chippawa! This versatile property is ideal for investors or multi-generational living, currently set up with two units and offering exciting potential to convert into a triplex. The main floor features a 1-bedroom unit plus additional space that was previously used as a storefront-perfect for conversion into a second main-floor residential unit, creating a third income stream with ease. Upstairs, you'll find a spacious and well-maintained 3-bedroom unit, offering comfortable living space with great natural light. At the rear, enjoy a 30 ft x 25 ft heated garage/workshop, complete with: Radiant gas tube heater, 60 AMP service, 12 ft ceilings, Two overhead doors (9 ft x 9 ft and 9 ft) and an attached 14.6 ft x 25 ft storage room at the back. Set on a large lot along a main artery, this property offers both convenience and future upside. Located just steps from the Welland River ("the Crick"), a nearby boat launch, and the charming downtown square, tenants will love the walkable lifestyle. Live in one unit and rent the others, or maximize your investment with a triplex conversion-opportunities like this don't come often!
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Welcome to 7543 Merritt Avenue, Niagara Falls - A Place You'll Love to Call Home Step into warmth and charm in this beautiful 3-bedroom, 1.5-bathroom home nestled in a quiet, family-friendly neighbourhood. From the moment you arrive, the manicured lawn, lush gardens, and welcoming curb appeal set the tone for something special. Inside, you'll find an inviting eat-in kitchen perfect for morning coffee and casual meals, while the elegant dining room offers the ideal space for hosting dinner parties or celebrating milestones. Cozy up around not one, but two fireplaces that add a touch of romance and comfort throughout the seasons. The partially finished basement is thoughtfully designed with custom features, creating the perfect space for entertaining or your own private retreat. Enjoy your landscaped gardens from multiple vantage points-sip tea on the charming front porch, relax on the peaceful side patio, or unwind under the beautiful covered deck out back. Thoughtful upgrades include a newer roof, mostly updated windows, and a modern garage door-offering peace of mind and enhancing the home's polished aesthetic. Located close to parks, schools, and bus route, this is a home that combines convenience with serenity. Don't miss your chance to fall in love with 7543 Merritt Avenue.
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Huge interior - it's bigger than it looks! This large 2.5 storey house was built in 1918 and has maintained it's unique character and charm. Presently arranged for an up/down duplex, but could easily be used as a single family dwelling, or family + in-law suite. Main floor has a large living room with wood burning fireplace, newer kitchen with rear dining room, and a large bedroom (or bonus family room). Basement features a brand new 5-piece bathroom - tub/shower combo and a walk-in shower, with classic subway tile. Plus a large storage/laundry room. Upper unit has a full eat-in kitchen, a 4-piece bathroom (with stacked laundry), a bedroom, and a living room (or could be a 3rd bedroom) - with a walk-out to an enclosed sunroom. Third level is the loft bedroom or family room with an ensuite 1-piece bathroom. Lots of unique potential for this home - perfect for a multi-generational family, a savvy first time home buyer, or someone looking to offset their bills with additional rental income. Easily convert this home back into a single family home (3 bedrooms, 2.5 bathrooms). This is one-of-a-kind property that could be very functional for the right buyer. Lots of updates - kitchen, bathrooms, windows, shingles, furnace, AC, and more. Come and take a tour of this beautiful home, and envision this as your next home!
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