5925 Culp St
216 - Dorchester, Niagara Falls, L2G 2B6
FOR SALE
$499,999
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BEDROOMS2
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Property Description
Discover a fantastic investment opportunity in the heart of Niagara Falls! This updated duplex features a spacious 2-bedroom upper unit and a charming 1-bedroom main-floor unit, offering flexibility for both investors and homeowners. With recent renovations enhancing the property's appeal, this home combines modern updates with incredible income potential. Located in a desirable area close to amenities, transit, and attractions, this property is perfect for those looking to grow their portfolio or live in one unit while renting the other. Don' miss out on this prime opportunity!
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
34' x 89'
Fronting
North
Taxes
$2,763 (2024)
Basement
Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Garage Type
None
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5925 Culp St is a 3-bedroom 2-bathroom home listed for sale at $499,999, which is $62,384 (11.1%) 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 2-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 Real Broker Ontario Ltd
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