5341 River Rd

Niagara Falls, L2E 3G9
FOR SALE
$1,460,000
5341 River Rd, Niagara Falls
5341 River Rd
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3
BEDROOMS
4
BATHROOMS
1
KITCHENS
10
ROOMS
X9352544
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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
Lot Size
100' x 220'
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
LivingGround15.19' x 17.68'
KitchenGround9.84' x 11.98'
DiningGround10.99' x 15.19'
BrGround7.61' x 16.70'3 Pc Ensuite
2nd Br2nd11.98' x 15.58'3 Pc Ensuite
2nd Br2nd11.58' x 14.01'3 Pc Ensuite
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 $844,461 (137.2%) higher than the average sold price of $615,539 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls increased by $40 (0.0%) compared to the previous 30 day period (July 22 - August 20) and down $4,032 (0.7%) from the same time one year ago.
Inventory Change
There were 82 3-bedroom homes listed in Niagara Falls over the last 30 days (August 21 - September 19), which is up 43.9% compared with the previous 30 day period (July 22 - August 20) and up 28.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($18,797) (3.1%) below asking price over the last 30 days (August 21 - September 19), which represents a $12 decrease compared to the previous 30 day period (July 22 - August 20) and ($18,185) less 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 (August 21 - September 19) stood at 1,120.7%, down from 3,243.9% over the previous 30 days (July 22 - August 20) and up from 32.8% 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 45 days when successfully sold over the last 30 days (August 21 - September 19), compared to 56 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Atrium Home Realty
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