5341 River Rd

Niagara Falls, L2E 3G9
FOR SALE
$1,460,000
5341 River Rd, Niagara Falls
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3
BEDROOMS
4
BATHROOMS
1
KITCHENS
10
ROOMS
X9352544
MLSID
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Property Description
Potentially transform as an Airbnb property, property situated on a Sprawling 100 ft lot that only about 10-minus walking distance to Niagara Falls. Ideally to earn cash flow and investment. This Historic 3 bedrooms, 4 washrooms property has been newly renovated. Surrounding properties are mix of family homes and tourist hotels. A fantastic opportunity for Investors.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-04-12 2023-04-20 9 $1,099,900 $1,100,000 Sold
2023-04-13 2023-04-20 9 $1,099,900 $1,100,000 Sold
Property Features
Park, River/Stream, School
Property Details
Street
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
100' x 220'
Acreage
< .50
Fronting
North
Taxes
$5,331 (2024)
Basement
Unfinished
Exterior
Brick, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenGround9.84' x 11.98'
Niagara Falls Market Statistics
Niagara Falls Price Trend
5341 River Rd is a 3-bedroom 4-bathroom home listed for sale at $1,460,000, which is $958,008 (190.8%) higher than the average sold price of $501,992 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls increased by $24,064 (5.0%) compared to the previous 30 day period (November 19 - December 18) and down $63,534 (11.2%) from the same time one year ago.
Inventory Change
There were 87 3-bedroom homes listed in Niagara Falls over the last 30 days (December 19 - January 17), which is up 171.9% compared with the previous 30 day period (November 19 - December 18) and up 335.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($5,134) (1.0%) below asking price over the last 30 days (December 19 - January 17), which represents a $1,861 increase compared to the previous 30 day period (November 19 - December 18) and ($26,710) 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 (December 19 - January 17) stood at 278.2%, down from 668.8% over the previous 30 days (November 19 - December 18) and up from 95.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Niagara Falls stood at 32 days when successfully sold over the last 30 days (December 19 - January 17), compared to 64 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Atrium Home Realty
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