$ 564.000
ON Niagara Falls
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5042 Ontario Avenue, Niagara Falls

  • Bedrooms: 3
  • Bathrooms: 2
  • Living area: 1555 square feet
  • Type: Duplex
  • Added: 293 days ago
  • Updated: 2 days ago
  • Last Checked: 21 hours ago
Excellent investment opportunity to own a two-storey legal duplex (main floor & upper level) that is already fully rented by two AAA tenants. ( monthly rent $2820 includes heat, hydro & water). This downtown Niagara Falls property is a stone's throw from the Niagara River, minutes to the Casino, attractions and the USA. Both units have been professionally renovated, are freshly painted, and complete with vinyl plank flooring throughout. Main floor is one bedroom with a bright spacious kitchen, combined living room / dining room, and 9 foot ceiling. Entrance to the main floor unit is through the rear entrance mudroom with closet & large window. Upper unit is a bright, two bedroom spacious apartment with a large eat-in kitchen, and modern 3-piece bath featuring a glass shower. Common access basement has two dedicated storage units and laundry. Upper tenant is a long term tenant who is now month to month. Lower tenant has been in the unit since Feb 2024 (id:1945)
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Property DetailsKey information about 5042 Ontario Avenue

  • Cooling: None
  • Heating: Forced air, Natural gas
  • Stories: 2
  • Year Built: 1920
  • Structure Type: Duplex
  • Exterior Features: Stucco, Vinyl siding

Interior FeaturesDiscover the interior design and amenities

  • Basement: Unfinished, Full
  • Living Area: 1555
  • Bedrooms Total: 3
  • Above Grade Finished Area: 1555
  • Above Grade Finished Area Units: square feet
  • Above Grade Finished Area Source: Other

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 5042 Ontario Avenue

  • Lot Features: Sump Pump
  • Water Source: Municipal water
  • Parking Total: 4

Location & CommunityUnderstand the neighborhood and community

  • Directions: One block east of Niagara River Parkway, south of Simcoe Street
  • Common Interest: Freehold
  • Subdivision Name: 210 - Downtown

Utilities & SystemsReview utilities and system installations

  • Sewer: Municipal sewage system

Tax & Legal InformationGet tax and legal details applicable to 5042 Ontario Avenue

  • Tax Annual Amount: 2739.21
  • Zoning Description: Residential

Additional FeaturesExplore extra features and benefits

  • Number Of Units Total: 2
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Nearby Listings Stat

Active listings
42
Min Price
$389,999
Max Price
$2,000,000
Avg Price
$631,795
Days on Market
71 days
Sold listings
20
Min Sold Price
$368,800
Max Sold Price
$779,000
Avg Sold Price
$560,611
Days until Sold
61 days

Nearby Places

Name
Type
Address
Distance
James G. Marshall House
It is a three-story Arts and Crafts style dwelling...
0.6 km
Queen Street Arts and Culture District (Niagara Falls, Ontario)
The street is now populated with art galleries, re...
0.6 km
Niagara Falls Transit Terminal
Niagara Falls Transit Terminal is located south of...
0.8 km
Niagara Hostel
The hostel is close in proximity to the internatio...
0.8 km
Chilton Avenue-Orchard Parkway Historic District
The dominant architectural styles are Queen Anne, ...
0.8 km
Niagara Falls railway station (Ontario)
The Maple Leaf is a joint Amtrak-Via Rail service:...
0.8 km
Niagara Falls Public Library
Brydges Library, is a historic library located at ...
0.9 km
Niagara Gorge Discovery Center
The museum also showcases the history of the Great...
0.9 km
Park Place Historic District (Niagara Falls, New York)
It is principally a residential district built up ...
0.9 km
Schoellkopf Power Station
Understanding the growing need for electricity and...
0.9 km
Niagara Cantilever Bridge
An international railway-only bridge between Canad...
0.9 km
First Unitarian Universalist Church of Niagara
The steel and concrete church is faced with rough,...
0.9 km
Additional Information about 5042 Ontario Avenue

This Duplex at 5042 Ontario Avenue Niagara Falls, ON with MLS Number 40536832 which includes 3 beds, 2 baths and approximately 1555 sq.ft. of living area listed on Niagara Falls market by Bill Reason - Re/Max REALTY SERVICES INC M at $564,000 293 days ago.

We have found 2 Duplex that closely match the specifications of the property located at 5042 Ontario Avenue with distances ranging from 2 to 3 kilometers away. The prices for these similar properties vary between 749,900 and 749,900.

The current price of the property is $564,000, and the mortgage rate being used for the calculation is 4.44%, which is a rate offered by Ratehub.ca. Assuming a mortgage with a 19% down payment, the total amount borrowed would be $456,840. This would result in a monthly mortgage payment of $2,637 over a 25-year amortization period.

More Details?
  • Bill Reason
  • Re/Max REALTY SERVICES INC M
  • 905-460-5018
  • WebSite

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Comparison of 5042 Ontario Avenue, Niagara Falls, ON with Nearby Duplexs
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Haldimand 163 $908.567
Niagaraonthelake 190 $1.824.564
St Catharines 562 $740.828
Welland 329 $850.925
Port Colborne 148 $755.654
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Hamilton 2038 $1.043.602
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Toronto 8447 $1.190.806
Milton 379 $1.348.344