5866 Valley Way

FOR SALE
$870,000
5866 Valley Way, Niagara Falls
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
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5866 Valley Way
5866 Valley Way
5866 Valley Way
5866 Valley Way
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5866 Valley Way
5866 Valley Way
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5866 Valley Way
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5866 Valley Way
5866 Valley Way
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3 + 3
BEDROOMS
4
BATHROOMS
1 + 2
KITCHENS
6 + 7
ROOMS
X10427497
MLSID
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Property Description
Attn Investors!! First-Time Home Buyers! This Beautiful 71 Ft frontage Bungalow With 2 Bsmt Apartments Is Situated In A Prime Location of Niagara Falls. Close to Restaurants, Shopping, Entertainment, Schools, Parks, The Magnificent Niagara Falls, Go Train Station, And Tourist District. Minutes away from QEW and few steps to the Bus Stop. Main Floor Boasts An Open-Concept Layout, Lots of natural light, 3 Bdrms, 2 1/2 Bathrooms & laundry. The 2 BR Bsmt apt is a legal unit and the permit for the 1+1 Br unit is available. A great investment opportunity in a high demand area. Live in one unit and collect rent from the other two is a perfect opportunity for a first time buyer. Sep. Laundry for basement units! The Driveway can fit up to 6 cars. No carpet in this home. Pot lights in every room. The home is vacant and allows you to set the rent amounts according to the current market rent! Don't miss this opportunity!!!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2019-07-29 2019-08-22 28 $428,000 $411,000 Sold
2019-07-29 2019-08-22 28 $428,000 $411,000 Sold
2023-04-05 2023-04-21 16 $849,900 $833,000 Sold
2023-03-22 2023-04-05 14 $899,900 - Terminated
2022-08-02 2022-10-19 78 $899,900 - Terminated
2019-08-07 2019-08-22 15 $428,000 $411,000 Sold
Property Features
Park, Place Of Worship, Public Transit, School
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
71' x 75'
Fronting
North
Taxes
$3,774 (2024)
Basement
Apartment, Sep Entrance
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain11.52' x 21.98'Laminate, Large Window, Pot Lights
DiningMain11.52' x 21.98'Laminate, Combined W/Living, Pot Lights
KitchenMain7.78' x 25.89'Ceramic Floor, W/O To Deck, Eat-In Kitchen
Prim BdrmMain11.09' x 11.22'Laminate, Closet, Window
2nd BrMain7.45' x 11.09'Laminate, Closet, Window
3rd BrMain8.60' x 8.92'Laminate, Closet, Window
KitchenBsmt10.83' x 18.77'Laminate, Stainless Steel Appl, Combined W/Living
KitchenBsmt6.33' x 18.70'Laminate, Pot Lights
DenBsmt6.36' x 9.58'Laminate, Window, Pot Lights
BrBsmt6.82' x 11.06'Laminate, Window, Pot Lights
BrBsmt9.68' x 10.83'Laminate, Window, Pot Lights
BrBsmt10.76' x 10.93'Laminate, Window, Pot Lights
Niagara Falls Market Statistics
Niagara Falls Price Trend
5866 Valley Way is a 3-bedroom 4-bathroom home listed for sale at $870,000, which is $394,533 (83.0%) higher than the average sold price of $475,467 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls declined by $98,498 (17.2%) compared to the previous 30 day period (October 22 - November 20) and down $128,283 (21.2%) from the same time one year ago.
Inventory Change
There were 33 3-bedroom homes listed in Niagara Falls over the last 30 days (November 21 - December 20), which is down 36.5% compared with the previous 30 day period (October 22 - November 20) and down 8.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($6,777) (1.4%) below asking price over the last 30 days (November 21 - December 20), which represents a $6,462 increase compared to the previous 30 day period (October 22 - November 20) and ($24,496) 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 (November 21 - December 20) stood at 630.3%, down from 2,742.3% over the previous 30 days (October 22 - November 20) and up from 77.8% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Niagara Falls stood at 29 days when successfully sold over the last 30 days (November 21 - December 20), compared to 63 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max West Realty Inc.
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