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$ 825,000
Est. payment /mo
New
5161-5163 River RD Niagara Falls, ON L2E 3G8
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 210 - Downtown
MLS Listing ID X13800086
Style 3-Storey
Bedrooms 4
Annual Tax Amount $4,645
Tax Year 2026
Property Sub-Type Duplex
Property Description
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
Location
Province ON
County Niagara
Area Niagara
Body of Water Niagara River
Rooms
Family Room No
Basement Full, Separate Entrance
Kitchen 2
Interior
Interior Features Separate Hydro Meter
Cooling Central Air, Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 2.0
Pool None
Waterfront Description Indirect
Roof Type Asphalt Shingle
Road Frontage Other
Lot Frontage 50.0
Lot Depth 151.74
Total Parking Spaces 6
Building
Foundation Block
Others
ParcelsYN No
Virtual Tour https://video-api.supreme.one/FJrdtf?branded=false
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE