$449,000

For saleJust listed

5524 FRASER Street, Niagara Falls, Ontario, L2E3C9

4 bd2 ba1 pk1,140 ft²

Listed by Right at Home Realty

4648 STANLEY Avenue, Niagara Falls, Ontario, L2E4Z7

For saleJust listed

Today

$430K

4648 STANLEY Avenue, Niagara Falls, Ontario, L2E4Z7

3 bd1 ba2 pk1,357 ft²

Listed by Your Home Sold Guaranteed Realty Elite

#LOT 2 7040 Garner Road, Niagara Falls (Forestview), Ontario, L2E6S5

For saleJust listed

Today

$929K

#LOT 2 7040 Garner Road, Niagara Falls (Forestview), Ontario, L2E6S5

2 bd2 ba6 pk1,300 ft²Lot size 44 × 156 ft (6,882 sq ft)

Listed by REVEL Realty Inc., Brokerage

#LOT 1 7040 Garner Road, Niagara Falls (Forestview), Ontario, L2E6S5

For saleJust listed

Today

$939K

#LOT 1 7040 Garner Road, Niagara Falls (Forestview), Ontario, L2E6S5

2 bd2 ba6 pk1,750 ft²Lot size 44 × 156 ft (6,882 sq ft)

Listed by REVEL Realty Inc., Brokerage

Investment analysis

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$449,000

Niagara Falls

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4115 MAY Avenue West, Niagara Falls - Single Family for Sale

4115 MAY Avenue West, Niagara Falls, Ontario, L2E3H6

3 beds2 baths2 parking1,450 ft²Listed 7 days ago

Overview

This 3-bedroom, 2-bathroom home in Niagara Falls is for sale offering roughly 1,450 sq ft of space. Listed at $449,000, it is attractively priced about 31% below the $649,900 median asking price in Niagara Falls. It has been on the market 7 days, fresher than the Niagara Falls average of 80 days.

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Description

Prime Niagara Falls investment and redevelopment opportunity! Located just steps from the Niagara River and Great Wolf Lodge, this updated two storey home offers exceptional flexibility for investors and developers alike. Featuring approximately 1,455 sq. ft. of living space, 3 bedrooms, 2 bathrooms, a partially finished basement, and private driveway parking, the property is currently tenanted, providing immediate rental income for investors. Its desirable location near Niagara's tourism district, casinos, downtown core, Rainbow Bridge, public transit, and major transportation routes makes it an attractive long-term investment in a growing area. Beyond its current income potential, this property also presents a unique long term opportunity. The neighboring property at 4208 Terrace Avenue is available for purchase separately, creating the possibility of a larger land assembly for future redevelopment. Buyers looking to secure a strategic position in one of Niagara Falls' most dynamic growth areas will appreciate the added flexibility and future upside. Whether you're seeking a turnkey investment with an established tenant, a strategic land holding, or a site with future development possibilities, 4115 May Avenue offers exceptional value in a highly desirable location. (id:66096)

Property Details

MLS®: 40875214
Property Type: Single Family
Zoning: R2
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,450 ft²
Frontage: 50 ft
Year Built: 1895
Storeys: 2
Style: Other
Basement: Partially finished, Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage
Ownership: Freehold
Property Tax: $2,240/yr
Listed: 7 days ago

Rooms

Basement

3pc Bathroom: 8'4'' x 9'3''

Second level

4pc Bathroom: 8'5'' x 5'8''
Bedroom: 8'4'' x 9'3''
Bedroom: 12'7'' x 9'1''
Bedroom: 9'6'' x 12'2''

Main level

Living room: 18'4'' x 12'9''
Dining room: 11'8'' x 10'8''
Kitchen: 12'4'' x 16'6''

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Window Coverings, Microwave Built-in
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Niagara Falls listings, avg age

80d

Price / ft²

$310

List price

$449K

Haho

This 3-bed single family in Niagara Falls has been listed for 7 days, which is 73 days fresher than the city average of 80. Act while there is still low competition.

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Listed by HomeLife Power Realty Inc. · TUNDE ABIODUN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2E)

This home lists at $449,000, about 7.4× the local median household income of $60,800.

Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — roughly 44% above the area median.

Median household income: $60,800
Population: 18,587
Median age: 46.4
Owner / renter: 61% / 39%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA L2E)

$449,000· $310/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,450

Min 5%50%

Mortgage payment$2,365/mo

↳ CMHC premium ($17,062 capitalized)

Property tax (est.)$187/mo

Total monthly$2,552

Cash Needed to Close

Down payment (5%)$22,450

Land transfer tax$5,455

Est. closing costs$3,847

Total cash needed$31,752

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