5641 Desson Ave
Niagara Falls, L2G 3T3
FOR SALE
$639,000
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Property Description
VACANT DUPLEX IN DTC!!! WALKING DISTANCE TO THE FALLS, RESTAURANTS AND ATTRACTIONS!!! Investors & Multi-generational Families, Zoned DTC with a POTENTIAL FOR EXEMPTION FROM CURRENT ZONING AND POSSIBILITY FOR COMMERCIAL ACTIVITIES. This 1.5 storey DUPLEX features 1500 sq ft, with 3 bedrm, 1 bath unit on the Main Level; and 1 bedrm 1 bath unit on the Upper Level. Home zoned DTC giving it endless possibilities, a popular one being short & longer-term rental as 2 separate units with separate hydro meters & entrances. Both units are currently vacant!!! Monthly rent potential (cautiously) for main unit $2,000+hydro & upper unit $1,300+hydro. Property is bright, well-maintained w/2 large private fenced back yards, 8-car double wide driveway. Updates include: 2x100 amp service, 2 separate hydro meters, 2 separate gas meters, double vinyl windows 2003, roof 2018, newer high efficiency furnace & AC, finished waterproofed high dry basement, new sump pump, 2 kitchens, 2 bathrms. Unique Investment Opportunity In The Heart Of Niagara Falls TOURIST DISTRICT within 13 minutes walk to CASINOS, FALLS, CLIFTON HILL, BRIDGE TO USA.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-09-23 | 2024-03-31 | 192 | $679,000 | - | Expired |
| 2023-09-23 | 2024-03-31 | 192 | $679,000 | - | Expired |
| 2023-07-17 | 2023-09-26 | 71 | $690,000 | - | Terminated |
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Property Details
Street
City
Property Type
Duplex, 1 1/2 Storey
Lot Size
50' x 106'
Fronting
West
Taxes
$2,408 (2023)
Basement
Finished, Full
Exterior
Stucco/Plaster, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 13.12' x 11.48' | |
| 2nd Br | Main | 9.84' x 11.48' | |
| 3rd Br | Main | 9.84' x 11.48' | |
| Living | Main | 11.98' x 11.48' | |
| Dining | Main | 13.12' x 11.48' | |
| Kitchen | Main | 10.99' x 11.48' | |
| Kitchen | Upper | 11.98' x 14.11' | |
| Br | Upper | 13.12' x 13.12' |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5641 Desson Ave is a 4-bedroom 2-bathroom home listed for sale at $639,000, which is $155,115 (19.5%) lower than the average sold price of $794,115 in the last 30 days (April 2 - May 1). During the last 30 days the average sold price for a 4 bedroom home in Niagara Falls declined by $28,697 (3.5%) compared to the previous 30 day period (March 3 - April 1) and down $50,885 (6.0%) from the same time one year ago.Inventory Change
There were 50 4-bedroom homes listed in Niagara Falls over the last 30 days (April 2 - May 1), which is up 35.1% compared with the previous 30 day period (March 3 - April 1) and up 78.6% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Niagara Falls typically sold ($30,015) (3.8%) below asking price over the last 30 days (April 2 - May 1), which represents a $22 decrease compared to the previous 30 day period (March 3 - April 1) and ($29,900) 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 4-bedroom homes in Niagara Falls over the last 30 days (April 2 - May 1) stood at 52.0%, up from 43.2% over the previous 30 days (March 3 - April 1) and up from 39.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Niagara Falls stood at 80 days when successfully sold over the last 30 days (April 2 - May 1), compared to 97 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Niagara Realty Ltd.
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