6378 Mountain Rd

Niagara Falls, L2E 6S4
FOR SALE
$1,495,000
6378 Mountain Rd, Niagara Falls
6378 Mountain Rd
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3
BEDROOMS
4
BATHROOMS
1
KITCHENS
8
ROOMS
X9364996
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Property Description
Prime Northend Niagara Falls Home with Development Potential. Unveil the potential of this exceptional 1 acre property complete with a 2,300+ square foot, 3 bedroom, 4 bathroom bungalow. Strategically located in north end Niagara Falls adjacent to the luxury development of Terravita and close proximity to Calaguiro estates. Zoned R4, this versatile property offers limitless possibilities for developers, investors, and visionaries. With one existing home on the site, immediate rental income or phased development is an option. This property's zoning classification allows for a variety of high-density residential projects. Imagine creating a community of modern townhomes, luxury apartments, or a mix of residential units that cater to the growing demand in this vibrant area. The existing 2,300+ square foot bungalow provides immediate income opportunities or can be incorporated into the larger development plan. Minutes away from top-rated schools, shopping centers, dining, parks, and recreational facilities with QEW access off Mountain Road.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-06-14 2024-09-23 101 $2,900,000 - Terminated
Property Details
Property Type
Detached, Bungalow
Lot Size
118' x 355'
Fronting
South
Taxes
$6,900 (2023)
Basement
Full, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
7
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
KitchenMain25.00' x 29.00'Combined W/Dining
BathroomMain7.58' x 7.74'2 Pc Bath
BathroomMain12.50' x 8.60'4 Pc Bath
FamilyMain14.99' x 20.01'
BathroomMain7.09' x 9.51'5 Pc Bath
BrMain11.15' x 10.60'
BrMain14.17' x 9.58'
Prim BdrmMain15.68' x 11.32'
BathroomBsmt4.99' x 9.51'3 Pc Bath
Niagara Falls Market Statistics
Niagara Falls Price Trend
6378 Mountain Rd is a 3-bedroom 4-bathroom home listed for sale at $1,495,000, which is $851,552 (132.3%) higher than the average sold price of $643,448 in the last 30 days (October 2 - October 31). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls declined by $24,910 (3.7%) compared to the previous 30 day period (September 2 - October 1) and down $12,827 (2.0%) from the same time one year ago.
Inventory Change
There were 66 3-bedroom homes listed in Niagara Falls over the last 30 days (October 2 - October 31), which is down 26.7% compared with the previous 30 day period (September 2 - October 1) and down 7.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($19,290) (3.0%) below asking price over the last 30 days (October 2 - October 31), which represents a $6,637 decrease compared to the previous 30 day period (September 2 - October 1) and ($19,103) 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 3-bedroom homes in Niagara Falls over the last 30 days (October 2 - October 31) stood at 121.2%, up from 43.3% over the previous 30 days (September 2 - October 1) and up from 40.8% 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 31 days when successfully sold over the last 30 days (October 2 - October 31), compared to 41 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Niagara Realty Ltd.
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