5463 Palmer Ave
210 - Downtown, Niagara Falls, L2E 3V2
FOR SALE
$639,000

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Property Description
Welcome to 5463 Palmer Ave, a solid brick corner-lot home in prime downtown Niagara Falls! Just minutes from the world-famous Falls, Clifton Hill entertainment district, top-rated restaurants, and major transit, this location offers both convenience and charm. Enjoy easy access to highways, GO Transit, and all essential amenities, making daily life effortless.Perfect for families or investors, this home features spacious bedrooms, a functional layout, and abundant natural light. A generous yard and excellent short-term rental or Airbnb potential make it a fantastic opportunityjust three months of summer Air BnB income could cover a full years expenses! Recent updates include a new furnace, hot water tank, and AC (2022) plus a roof (2016), ensuring low maintenance for years to come. Whether you seek a vibrant city lifestyle or a peaceful retreat near nature, this home truly offers the best of both worlds.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-08-02 | 2024-11-15 | 105 | $664,900 | - | Expired |
2023-08-05 | 2023-11-30 | 115 | $688,000 | - | Expired |
2023-08-05 | 2023-11-30 | 115 | $688,000 | - | Expired |
2024-04-05 | 2024-06-30 | 86 | $675,000 | - | Expired |
2024-04-05 | 2024-06-30 | 86 | $675,000 | - | Expired |
2023-08-05 | 2023-11-30 | 115 | $688,000 | - | Expired |
2023-05-08 | 2023-06-02 | 25 | $719,900 | - | Terminated |
2023-01-08 | 2023-02-12 | 35 | $749,900 | - | Terminated |
2023-02-11 | 2023-03-31 | 48 | $729,900 | - | Expired |
2023-06-05 | 2023-07-31 | 56 | $698,000 | - | Expired |
2024-05-09 | 2024-06-30 | 86 | $684,900 | - | Expired |
2023-01-24 | 2023-03-31 | 66 | $749,900 | - | Expired |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
47' x 75'
Fronting
West
Taxes
$2,390 (2024)
Basement
Part Fin, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Ground | 11.42' x 10.89' | Combined W/Dining, Large Window, Laminate |
Dining | Ground | 11.06' x 10.50' | Combined W/Living, Laminate |
Kitchen | Ground | 9.84' x 8.23' | Stainless Steel Appl, Combined W/Dining, Laminate |
Prim Bdrm | 2nd | 13.12' x 8.86' | Closet, Laminate |
2nd Br | 2nd | 7.87' x 9.51' | Closet, Laminate |
3rd Br | 2nd | 9.19' x 8.20' | Closet, Laminate |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5463 Palmer Ave is a 3-bedroom 2-bathroom home listed for sale at $639,000, which is $76,617 (13.6%) higher than the average sold price of $562,383 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls declined by $32,132 (5.4%) compared to the previous 30 day period (December 22 - January 20) and up $22,328 (4.1%) from the same time one year ago.Inventory Change
There were 84 3-bedroom homes listed in Niagara Falls over the last 30 days (January 21 - February 19), which is down 3.4% compared with the previous 30 day period (December 22 - January 20) and up 64.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($15,213) (2.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $2,532 decrease compared to the previous 30 day period (December 22 - January 20) and ($22,911) 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 (January 21 - February 19) stood at 35.7%, down from 36.8% over the previous 30 days (December 22 - January 20) and down from 52.9% 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 47 days when successfully sold over the last 30 days (January 21 - February 19), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Superstars Realty Ltd.
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