5729 Mcgrail Ave
Niagara Falls, L2G 3R4
FOR SALE
$1,100,000
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5
BEDROOMS2
BATHROOMS1 + 1
KITCHENS8 + 3
ROOMSX8169060
MLSIDContact Us
Property Description
Prime development property, just steps away from iconic Clifton Hill and Lundys Lane. Property is zoned as tourist commercial with many uses, including but not limited to: motel, hotel, restaurant, place of entertainment, health centre, parking lot, etc.
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Property Details
Street
City
Property Type
Detached, 2-Storey
Lot Size
39' x 167'
Fronting
North
Taxes
$3,443 (2023)
Basement
Part Fin
Exterior
Brick Front, Vinyl Siding
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.83' x 12.07' | |
| Dining | Main | 13.16' x 12.50' | |
| Kitchen | Main | 13.48' x 20.18' | |
| Family | Lower | 17.65' x 19.85' | |
| Kitchen | Lower | 12.50' x 18.57' | |
| Laundry | Lower | 4.99' x 4.99' | |
| Bathroom | Lower | 7.91' x 4.82' | |
| Cold/Cant | Lower | 0.33' x 4.00' | |
| Prim Bdrm | 2nd | 10.50' x 11.58' | |
| 2nd Br | 2nd | 10.60' x 10.50' |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5729 Mcgrail Ave is a 5-bedroom 2-bathroom home listed for sale at $1,100,000, which is $556,667 (102.5%) higher than the average sold price of $543,333 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 5 bedroom home in Niagara Falls declined by $56,567 (9.4%) compared to the previous 30 day period (February 27 - March 27) and down $407,917 (42.9%) from the same time one year ago.Inventory Change
There were 7 5-bedroom homes listed in Niagara Falls over the last 30 days (March 28 - April 26), which is down 22.2% compared with the previous 30 day period (February 27 - March 27) and up 16.7% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Niagara Falls typically sold ($16,332) (3.0%) below asking price over the last 30 days (March 28 - April 26), which represents a $16,332 decrease compared to the previous 30 day period (February 27 - March 27) and ($63,200) 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 5-bedroom homes in Niagara Falls over the last 30 days (March 28 - April 26) stood at 42.9%, up from 11.1% over the previous 30 days (February 27 - March 27) and up from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom home in Niagara Falls stood at 19 days when successfully sold over the last 30 days (March 28 - April 26), compared to 42 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Niagara Realty Ltd.
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