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    For Sale - 5163 River Road, Niagara Falls, Ontario

    Est payment $4,317/mo
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    Views   2
    Time on Jump  26 day

    AI Summary *

    • Massive duplex with two spacious 2-bedroom units, perfect for rental income.
    • Each unit features full basements, updated bathrooms, and bright sunrooms.
    • Recent upgrades include new electrical, windows, and central air conditioning.
    • Detatched double garage offers great parking or storage options.
    • Partially finished third-floor studio adds potential for more rental income.




    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 central 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 $2,000 per month plus heat and hydro. The identical second-floor unit also commands $2,000 per month plus heat and hydro but will be delivered vacant on august 1st, allowing you to move right in or set your own current market rents. Adding massive upside is the 800-square-foot partially finished third-floor studio space, already framed with provisions for a kitchen, bathroom, and living area-an incredibly easy finish to maximize your revenue via the traditional rental market or a lucrative short-term airbnb. Turnkey mechanics, premium location, and undeniable value-add potential make this river road gem a rare find.
    Listing IDX13206242
    Address5163 River Road
    CityNiagara Falls, Ontario
    Price$899,000
    Bed / Bath4 / 2 Full
    Style3-Storey, Duplex
    ConstructionBrick, Wood
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Separate Hydro Meter, Storage, Water Heater OwnedOwnership FreeholdWaterfront IndirectBasement FullFoundation Concrete BlockHeating / Cooling RadiantHeating Fuel GasSewer Sewer

    Parking 7.00
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    Listing Agency:  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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    5163 River Road
    Niagara Falls , Ontario
    4 2 $899,000
    Get more info