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    For Sale - 5161-5163 River Road, Niagara Falls, Ontario

    Est payment $3,962/mo
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    Views   3
    Time on Jump  35 day

    AI Summary *

    • Two spacious 1,300-square-foot units with separate entrances for privacy.
    • Fully upgraded with modern amenities and recent electrical improvements.
    • Detached double garage provides excellent parking or storage options.
    • Income potential with current rental rates generating significant monthly income.
    • Partially finished loft offers additional living space or rental opportunities.




    Spectacular niagara river duplex with incredible income potential! Situated on prestigious river road, one of niagara's most highly sought-after neighborhoods overlooking the majestic niagara river, this massive, fully upgraded property offers an exceptional opportunity for savvy investors or owner-occupiers. The property features two expansive 1,300-square-foot units, each offering 2 spacious bedrooms, a beautifully updated bathroom, a bright sunroom, a kitchen, a formal dining room, and a living room complete with elegant french doors and gleaming hardwood floors. Both main and second-floor units boast individual full basements for ample storage, separate gas and hydro meters, and two owned hot water tanks. Capital improvements abound with a complete electrical rewiring in 2023 featuring pot lights throughout and hardwired smoke detectors, along with fully replaced windows and air conditioning spanning all three floors. A detached double garage with concrete floors provides excellent parking or storage. Financially rewarding, the main floor currently generates $1,940 per month plus heat and hydro. The identical second-floor unit also commands $2,500 per month plus heat and hydro, and will be delivered vacant-perfect for an owner-occupant or an investor looking to set current market rents. Massive upside awaits in the 800-square-foot, partially finished third-floor loft already framed and plumbed for a kitchen, bathroom, and living area, this space offers the opportunity to create a separate additional dwelling unit (adu) for rental income. Alternatively, it can be integrated into the second-floor apartment as a spectacular master suite with an ensuite bathroom, transforming the unit into a high-value three-bedroom apartment. Turnkey mechanics, premium location, and undeniable value-add potential make this river road gem a rare find
    Listing IDX13800086
    Address5161-5163 River Road
    CityNiagara Falls, Ontario
    Price$825,000
    Bed / Bath4 / 2 Full
    Style3-Storey, Duplex
    ConstructionBrick Veneer
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Separate Hydro MeterOwnership FreeholdWaterfront IndirectBasement Full, Separate EntranceFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Brokerage: RE/MAX NIAGARA REALTY LTD, BROKERAGE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    5161-5163 River Road
    Niagara Falls , Ontario
    4 2 $825,000
    Get more info