5737 Mcgrail Ave
Niagara Falls, L2G 3R4
FOR SALE
$999,999
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3
BEDROOMS1
BATHROOMS1
KITCHENS6 + 1
ROOMSX8171358
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
$2,754 (2023)
Basement
Unfinished
Exterior
Stucco/Plaster
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5737 Mcgrail Ave is a 3-bedroom 1-bathroom home listed for sale at $999,999, which is $366,807 (57.9%) higher than the average sold price of $633,192 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls declined by $4,549 (0.7%) compared to the previous 30 day period (February 26 - March 26) and down $106,705 (14.4%) from the same time one year ago.Inventory Change
There were 72 3-bedroom homes listed in Niagara Falls over the last 30 days (March 27 - April 25), which is up 14.3% compared with the previous 30 day period (February 26 - March 26) and up 35.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($17,290) (2.7%) below asking price over the last 30 days (March 27 - April 25), which represents a $632 increase compared to the previous 30 day period (February 26 - March 26) and ($19,320) 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 (March 27 - April 25) stood at 72.2%, up from 49.2% over the previous 30 days (February 26 - March 26) and up from 64.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Niagara Falls stood at 23 days when successfully sold over the last 30 days (March 27 - April 25), compared to 53 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Niagara Realty Ltd.
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