6510 Drummond Rd
Niagara Falls, L2G 4N3
FOR SALE
$569,800
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4
BEDROOMS2
BATHROOMS2
KITCHENS8
ROOMSX8282018
MLSIDContact Us
Property Description
ATTENTION INVESTORS AND FIRST TIME BUYERS, now fully vacant LEGAL DUPLEX. Investors can choose your own tenants and maximize rental income, or live in one unit and rent the other! Prime location at corner of Drummond & Dixon - less than 2km from Fallsview Blvd, close to public transit, highways, schools, shopping and amenities. Two side by side, self-contained units with separate entrances. Spacious 1Bed, 1Bath suite on main level. Larger 3Bed suite occupying rest of main level & all of 2nd floor. Unit offers primary bdrm with bright windows on main level and 2 well-sized bdrms and bath on upper level. Large corner lot provides plenty of parking. Amazing location, close to Niagara Falls. Strong potential for future development. Buy a detached, 1.5 storey legal duplex, on a large lot in prime location for the price of a condo! Multiple development opportunities await. Showings anytime!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-05-12 | 2021-07-07 | 56 | $524,900 | - | Expired |
| 2021-05-12 | 2021-07-07 | 56 | $524,900 | - | Expired |
| 2021-07-28 | 2021-08-26 | 29 | $519,900 | $535,000 | Sold |
| 2021-07-28 | 2021-08-26 | 29 | $519,900 | $535,000 | Sold |
| 2021-04-21 | 2021-07-07 | 77 | $524,900 | - | Expired |
| 2021-04-08 | 2021-04-14 | 6 | $499,900 | - | Terminated |
Property Features
Public Transit
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Property Details
Street
City
Property Type
Duplex, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
53' x 136'
Acreage
< .50
Fronting
East
Taxes
$2,739 (2023)
Basement
Half, Part Bsmt
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 10.40' x 13.16' | |
| Living | Main | 8.43' x 15.42' | |
| Kitchen | Main | 5.41' x 13.16' | |
| Bathroom | Main | 5.58' x 6.56' | 4 Pc Bath |
| Living | Main | 11.91' x 12.40' | |
| Kitchen | Main | 4.99' x 10.99' | |
| Br | Main | 8.43' x 12.99' | |
| Br | 2nd | 7.35' x 12.40' | |
| Br | 2nd | 7.35' x 12.40' | |
| Bathroom | 2nd | 4.92' x 6.56' | 4 Pc Bath |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
6510 Drummond Rd is a 4-bedroom 2-bathroom home listed for sale at $569,800, which is $26,033 (4.4%) lower than the average sold price of $595,833 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Niagara Falls declined by $127,803 (17.7%) compared to the previous 30 day period (December 22 - January 20) and down $21,667 (3.5%) from the same time one year ago.Inventory Change
There were 54 4-bedroom homes listed in Niagara Falls over the last 30 days (January 21 - February 19), which is up 25.6% compared with the previous 30 day period (December 22 - January 20) and up 74.2% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Niagara Falls typically sold $11,866 (2.0%) above asking price over the last 30 days (January 21 - February 19), which represents a $19,284 increase compared to the previous 30 day period (December 22 - January 20) and ($22,950) 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 4-bedroom homes in Niagara Falls over the last 30 days (January 21 - February 19) stood at 11.1%, down from 25.6% over the previous 30 days (December 22 - January 20) and down from 19.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Niagara Falls stood at 35 days when successfully sold over the last 30 days (January 21 - February 19), compared to 81 days before being removed from the market upon being suspended or terminated.Listing contracted with Nashdom Realty Brokerage 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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