5788 Drummond Rd
Niagara Falls, L2G 4L5
FOR SALE
$425,000
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Property Description
** Great Investment Opportunity for Bed & Breakfast and Primary Residence in the Heart of Niagara Falls ** Only steps away from the Horseshoe Falls with lots of prominent restaurants nearby. Property is 1.5 storey house with 3 bedrooms and 3 washrooms in a prime location and sits on a 10,000 sf lot!! Property is sold in "as is" condition and requires renovation prior to occupancy.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-04-13 | 2022-04-18 | 5 | $479,000 | $525,000 | Sold |
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Property Details
Street
City
Property Type
Detached, Bungaloft
Approximate Sq.Ft.
1100-1500
Lot Size
50' x 200'
Fronting
East
Taxes
$3,200 (2024)
Basement
Full, Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 3.61' x 5.58' | |
| Living | Main | 11.19' x 20.90' | |
| Dining | Main | 8.60' x 12.50' | |
| Kitchen | Main | 8.17' x 12.27' | |
| Br | Main | 7.81' x 10.17' | |
| 2nd Br | Main | 9.91' x 11.35' | |
| Bathroom | Main | 6.56' x 7.25' | |
| 3rd Br | 2nd | 12.17' x 13.39' | |
| Bathroom | 2nd | 5.28' x 8.86' | |
| Utility | Bsmt | 21.85' x 29.66' | |
| Bathroom | Bsmt | 6.17' x 7.25' |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5788 Drummond Rd is a 3-bedroom 3-bathroom home listed for sale at $425,000, which is $137,383 (24.4%) lower 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 3-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 Ipro Realty Ltd
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