6133 Prospect St
215 - Hospital, Niagara Falls, L2G 1G9
FOR SALE
$579,900
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2
BEDROOMS2
BATHROOMS2
KITCHENS7
ROOMSX12004247
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Property Description
Discover the potential in this charming income producing duplex, ideally situated in the heart of downtown Niagara Falls! Set on an expansive 40' x 141' lot, this property offers two spacious apartments & a detached garage that could be used as a workshop/studio. With original character intact, including wood trim, pocket doors & a grand foyer, this home is perfect for those seeking a blend of classic charm & modern convenience. The main unit is a 1bed 1 Bath (can easily be converted back to the original 2 bedroom layout) with an open-concept kitchen flowing into the living area, a dedicated laundry, a walkout to the massive backyard. Upper unit is a light filled 1bed 1bath unit with a convenient upper level laundry rm & access to an unfinished attic for extra storage or potentially a second bedroom. Additional highlights include an enclosed front porch, updated mechanicals (electrical, furnace, A/C, windows & roof), and ample outdoor space. This property offers endless possibilities and is perfectly suited to a variety of buyers. Whether you're an investor seeking rental income from both units, a co-ownership buyer purchasing with a family member or friend, or a homeowner looking to live in one unit while renting out the other, 6133 Prospect St is the ideal opportunity! **EXTRAS** Vacant possession on closing so you can charge market rents! Steps to bus stops & highway. Close to the Falls & Entertainment area, University of Niagara Falls (4342 Queen St), Niagara River & Bridge to USA
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-20 | 2024-12-05 | 15 | $749,900 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Lot Size
40' x 141'
Fronting
North
Taxes
$2,685 (2024)
Basement
Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 38.55' x 43.47' | Ceiling Fan, Pocket Doors, French Doors |
| Sunroom | Main | 25.30' x 31.96' | Picture Window, Vinyl Floor, Closet |
| Kitchen | Main | 31.00' x 43.18' | Ceramic Floor, B/I Dishwasher, Ceramic Back Splash |
| Br | Main | 59.84' x 37.99' | Large Window, Vinyl Floor, Ceiling Fan |
| Living | 2nd | 39.30' x 42.29' | Fireplace, Vinyl Floor, Pocket Doors |
| Kitchen | 2nd | 29.27' x 42.29' | Ceramic Floor, Ceramic Back Splash |
| Br | 2nd | 49.31' x 37.34' | Mirrored Closet, Ceiling Fan, Large Window |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
6133 Prospect St is a 2-bedroom 2-bathroom home listed for sale at $579,900, which is $17,516 (2.9%) lower than the average sold price of $597,416 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in Niagara Falls increased by $33,598 (6.0%) compared to the previous 30 day period (December 22 - January 20) and down $43,184 (6.7%) from the same time one year ago.Inventory Change
There were 25 2-bedroom homes listed in Niagara Falls over the last 30 days (January 21 - February 19), which is down 7.4% compared with the previous 30 day period (December 22 - January 20) and up 177.8% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Niagara Falls typically sold ($40,350) (6.8%) below asking price over the last 30 days (January 21 - February 19), which represents a $16,033 decrease compared to the previous 30 day period (December 22 - January 20) and ($5,300) less 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 2-bedroom homes in Niagara Falls over the last 30 days (January 21 - February 19) stood at 48.0%, up from 40.7% over the previous 30 days (December 22 - January 20) and down from 55.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Niagara Falls stood at 48 days when successfully sold over the last 30 days (January 21 - February 19), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Forest Hill Real Estate Inc.
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INVESTMENT OPPORTUNITY! This versatile 1.5-storey duplex can serve as a spacious single-family home or an income-generating property, live in one unit and rent out the other! The upper unit features three bedrooms, while the lower unit offers a one-bedroom layout. Each unit includes its own living room, kitchen, and bathroom. Recent updates enhance the home's appeal, including a new furnace, roof, updated windows, fresh paint, new flooring throughout, and modernized kitchens and bathrooms. Both units are currently leased. The upper unit is leased for $2400/month inclusive. The lower unit is leased for 1600/month inclusive. Conveniently located near the QEW and the U.S. border, this property provides excellent commuting and travel options. Plus, it's close to shopping, parks, and schools.
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