5424 Second Ave
Niagara Falls, L2G 3M2
FOR SALE
$575,000
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Property Description
Discover 5424 Second Ave, a charming century home in prime Niagara Falls location with endless income potential! This detached two-story home with DTC zoning is perfect for short-term rentals or a dream home. Located just a short walk to the Falls, Clifton Hill, and casinos, this 3-bedroom, 2-bath home blends timeless charm with modern updates. Features include original hardwood floors, stained glass, oak casings, and has ample privacy, as it is located on a private dead-end avenue with no side or rear neighbors. The unfinished basement, with a separate entrance and 3-piece bath, offers incredible potential for an in-law suite or rental unit. Recent updates include the roof, furnace, and A/C. Don't miss this rare opportunity in the heart of Niagara Falls. Contact us today to schedule a private viewing and see the potential for yourself!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-16 | 2024-11-27 | 42 | $575,000 | - | Terminated |
| 2024-07-03 | 2024-10-18 | 107 | $599,000 | - | Terminated |
| 2024-01-22 | 2024-05-02 | 101 | $619,000 | - | Terminated |
Property Features
Cul De Sac, Hospital, School
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Property Details
Street
City
Property Type
Detached, 2-Storey
Lot Size
30' x 50'
Fronting
West
Taxes
$1,909 (2024)
Basement
Unfinished
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 10.60' x 12.99' | |
| Dining | Main | 12.11' x 13.09' | |
| Living | Main | 10.10' x 13.62' | |
| Prim Bdrm | 2nd | 11.19' x 13.71' | |
| 2nd Br | 2nd | 12.99' x 12.99' | |
| 3rd Br | 2nd | 9.19' x 9.61' |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5424 Second Ave is a 3-bedroom 2-bathroom home listed for sale at $575,000, which is $73,008 (14.5%) 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 2-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 Niagara Realty Ltd., Brokerage
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