5806 Prince Edward Ave
Niagara Falls, L2G 5J3
FOR SALE
$499,999
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6 + 2
BEDROOMS4
BATHROOMS3 + 1
KITCHENS15
ROOMSX9351871
MLSIDContact Us
Property Description
Seize this prime investment opportunity with a multi-unit residential property featuring threeself-contained units, each equipped with separate hydro meters. Situated in a highly demanded rentalarea, just steps from the bustling Lundy's Lane tourist attractions and shopping centres, thisproperty offers unparalleled convenience. Located close to highway access yet nestled in a quiet,established neighbourhood, this property provides the perfect balance for tenants. Investors cancapitalize on the high rental demand and secure a steady income stream, making this an exceptionaladdition to any investment portfolio. Dont miss out on this rare opportunity for significantlong-term returns.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 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 NotWarrant 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
Central Air
Water
Municipal
Parking Spaces
4
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' | |
| 2nd 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' | |
| 2nd Br | 2nd | 8.99' x 8.17' | |
| Living | Bsmt | 11.98' x 16.47' | |
| Kitchen | Bsmt | 9.58' x 6.40' | |
| Br | Bsmt | 11.98' x 11.88' | |
| 2nd Br | Bsmt | 30.09' x 18.18' |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5806 Prince Edward Ave is a 6-bedroom 4-bathroom home listed for sale at $499,999, which is $392,838 (44.0%) lower than the average sold price of $892,837 in the last 30 days (October 15 - November 13). During the last 30 days the average sold price for a 6 bedroom home in Niagara Falls increased by $262,837 (41.7%) compared to the previous 30 day period (September 15 - October 14) and down $307,163 (25.6%) from the same time one year ago.Inventory Change
There were 5 6-bedroom homes listed in Niagara Falls over the last 30 days (October 15 - November 13), which is up 66.7% compared with the previous 30 day period (September 15 - October 14) and up 150.0% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Niagara Falls typically sold ($51,612) (5.8%) below asking price over the last 30 days (October 15 - November 13), which represents a $1,712 decrease compared to the previous 30 day period (September 15 - October 14) and ($149,900) 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 6-bedroom homes in Niagara Falls over the last 30 days (October 15 - November 13) stood at 80.0%, up from 33.3% over the previous 30 days (September 15 - October 14) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 4-bathroom home in Niagara Falls stood at 52 days when successfully sold over the last 30 days (October 15 - November 13), compared to 241 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Property Zone Realty Inc.
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