5341 River Rd
Niagara Falls, L2E 3G9
FOR SALE
$1,460,000
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BEDROOMS4
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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.
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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
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Property Details
Street
City
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
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Ground | 9.84' x 11.98' |
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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 $885,953 (154.3%) higher than the average sold price of $574,047 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls declined by $74,808 (11.5%) compared to the previous 30 day period (September 21 - October 20) and down $83,258 (12.7%) from the same time one year ago.Inventory Change
There were 52 3-bedroom homes listed in Niagara Falls over the last 30 days (October 21 - November 19), which is down 32.5% compared with the previous 30 day period (September 21 - October 20) and up 30.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($13,271) (2.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $8,140 increase compared to the previous 30 day period (September 21 - October 20) and ($25,427) 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 21 - November 19) stood at 2,753.8%, up from 58.4% over the previous 30 days (September 21 - October 20) and up from 45.0% 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 27 days when successfully sold over the last 30 days (October 21 - November 19), compared to 57 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Atrium Home Realty
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