5806 Prince Edward Ave
Niagara Falls, L2G 5J3
FOR SALE
$575,000
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5 + 2
BEDROOMS4
BATHROOMS1 + 3
KITCHENS15
ROOMSX11934217
MLSIDContact Us
Property Description
Seize this prime investment opportunity with a multi-unit residential property featuring three self-contained units, each equipped with separate hydro meters. Situated in a highly demanded rental area, just steps from the bustling Lundy's Lane tourist attractions and shopping centres, thisproperty offers unparalleled convenience. The classic house comprises a spacious main floor 2-bedroom unit, a comfortable second-level 2-bedroom unit, and a cozy third-floor 1-bedroom unit.Located close to highway access yet nestled in a quiet, established neighbourhood, this property provides the perfect balance for tenants. Investors can capitalize on the high rental demand and secure a steady income stream, making this an exceptional addition to any investment portfolio.Dont miss out on this rare opportunity for significant long-term returns.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-16 | 2024-12-31 | 108 | $499,999 | - | Expired |
| 2024-08-02 | 2024-09-17 | 46 | $699,999 | - | Terminated |
| 2022-03-19 | 2022-04-06 | 20 | $850,000 | $885,000 | Sold |
| 2019-05-22 | 2019-05-24 | 2 | $399,000 | $350,000 | Sold |
Extras
Buyer & Buyers Agent To Do Their Own Due Diligence On Use And Zoning, Measurements. Seller Does Not Warrant Basement Status On The Property. Legal Non-Conforming Triplex As Per Mpac & City Taxes,Zoned R2.
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Property Details
Street
City
Property Type
Multiplex, 2 1/2 Storey
Lot Size
47' x 95'
Fronting
East
Taxes
$3,911 (2024)
Basement
Full, Part Fin
Exterior
Brick, Vinyl Siding
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.48' x 12.17' | |
| Kitchen | Main | 11.09' x 12.17' | |
| Br | Main | 11.48' x 8.99' | |
| Br | Main | 11.09' x 8.10' | |
| Living | 2nd | 12.70' x 11.78' | |
| Kitchen | 2nd | 12.70' x 8.17' | |
| Br | 2nd | 8.10' x 11.68' | |
| Br | 2nd | 8.99' x 8.17' | |
| Living | 3rd | 11.98' x 16.47' | |
| Kitchen | 3rd | 9.58' x 6.40' | |
| Br | 3rd | 11.98' x 11.88' | |
| Other | Bsmt | 30.09' x 18.18' |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5806 Prince Edward Ave is a 5-bedroom 4-bathroom home listed for sale at $575,000, which is $181,775 (24.0%) lower than the average sold price of $756,775 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 5 bedroom home in Niagara Falls increased by $111,352 (17.3%) compared to the previous 30 day period (November 19 - December 18) and down $56,425 (6.9%) from the same time one year ago.Inventory Change
There were 5 5-bedroom homes listed in Niagara Falls over the last 30 days (December 19 - January 17), which is up 150.0% compared with the previous 30 day period (November 19 - December 18) and up 66.7% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Niagara Falls typically sold $102,987 (13.6%) above asking price over the last 30 days (December 19 - January 17), which represents a $61,473 increase compared to the previous 30 day period (November 19 - December 18) and ($34,500) 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 (December 19 - January 17) stood at 160.0%, down from 350.0% over the previous 30 days (November 19 - December 18) and up from 133.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Niagara Falls stood at 13 days when successfully sold over the last 30 days (December 19 - January 17), compared to 95 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Miracle Realty Ltd
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