5161-5163 River RD, Niagara Falls, ON L2E 3G8
5161-5163 River RD, Niagara Falls, ON L2E 3G8
5161-5163 River RD, Niagara Falls, ON L2E 3G8
50
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$825,000
Est. payment /mo
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4 Beds
2 Baths
New

5161-5163 River RD Niagara Falls, ON L2E 3G8

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Nisha K Pawa

Nisha K Pawa

+1(416) 894-7948

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 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 $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 an incredibly easy finish to create a separate third unit for traditional renting or a lucrative short-term Airbnb. Alternatively, it can be integrated into the second floor 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, Separate Heating Controls

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

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Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

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Nisha K Pawa

Nisha K Pawa

+1(416) 894-7948

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5161-5163 River RD