For Sale: 5161-5163 River Road, Niagara Falls, ON - REW
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$825,000
4 bd • 2 ba • 3000 - 3499 sf • Multifamily
5161-5163 River Road
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$825,000
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5161-5163 River RoadNiagara Falls, ON, L2E 3G8

  • 4 Bed
  • 2 Bath
  • 3000 - 3499 Sqft
  • Multifamily

About this home

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 (id:63626)
Listed by: Robert Rysdale, Broker, RE/MAX NIAGARA REALTY LTD, BROKERAGE

Home facts and features

Price details
List Price
$825,000
Get Pre-Approved
Gross Taxes for 2025
$4,645
Home facts
Bedrooms
4
Full Bathrooms
2
Parking Spaces
6
Parking Details
Garage, Detached Garage
Property Type
Multifamily
Lot Size
50 ft x 151 ft (7585 ft²)
Depth
151.7 feet
Frontage
50.0 feet
Exterior Finish
Brick Veneer
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning, Wall unit
Basement Details
Full, Separate entrance
Features
Separate Electricity Meters, Separate Heating Controls
Agent details
Primary Agent
Primary Broker
RE/MAX NIAGARA REALTY LTD, BROKERAGE
Listing details
Days on REW
1 Day
MLS® Number
X13800086
Source
Canadian Real Estate Association
Board
Niagara Association of REALTORS®
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25 Years
Interest Rate
3.99%

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Property Insights

Simcoe Street Public School
  • Public
  • JK - 8
St Patrick Catholic Elementary School
  • Catholic
  • JK - 8
Valley Way Public School
  • Public
  • JK - 8
St Mary Catholic Elementary School
  • Catholic
  • JK - 8
ÉÉC Saint-Antoine
  • Catholic
  • JK - 8
É Élém LaMarsh
  • Public
  • JK - 8
Stamford Collegiate
  • Public
  • 9 - 12
Cherrywood Acres Public School
  • Public
  • JK - 8
John Marshall Public School
  • Public
  • JK - 8
Father Hennepin Catholic Elementary School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
Robert Rysdale
Phone:
(905) 650-1797
Cell:
905-650-1797
Office:
905-356-9600
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