$735,000

For sale

5057 BRIDGE Street, Niagara Falls (Downtown) - Single Family for Sale

5057 BRIDGE Street, Niagara Falls (Downtown), Ontario, L2E2S7

4 beds2 baths6 parking1,750 ft²60 × 150 ft (9,000 sq ft) lot sizeListed 56 days ago

Overview

This 4-bedroom, 2-bathroom home in Niagara Falls is for sale offering roughly 1,750 sq ft of space. It has been on the market 56 days, fresher than the Niagara Falls average of 90 days.

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Description

Fully Renovated and Upgraded; Huge lot 60.14ft. x 150.34ft Facing East; Licensed for VRU's/ AirBnb/ VRBO/ others; Zoned General Commercial (detail attached); Zoning permits a number of other Uses/ Businesses; Legal Duplex with 2 separate 2 BR Apartments and partially finished basement; High demand Location; High Income potential; Upgrades include 2 brand-new High-end kitchens with SS appliances, 2 new washrooms with standing showers, new shingled roof on new base plywood; Double car wide and long driveway; 2 big covered Porches on Front & side; Perfect for an extended family or live in one unit and use other for AirBnb; Steps to Bus stops and GO STATION; Close to Falls, Entertainment areas,University of Niagara Falls (4342 Queen St), Niagara River and Bridge to USA!! (id:66096)

Property Details

MLS®: X13770656
Property Type: Single Family
Zoning: GC
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 6
Interior Size: 1,750 ft²
Lot Size: 60 × 150 ft (9,000 sq ft)
Frontage: 60 ft
Storeys: 2
Basement: Partially finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $1,918.64/yr
Listed

Rooms

Main level

Living room: 5.89 x 3.76 meters
Bedroom: 4.93 x 2.9 meters
Bedroom: 3.99 x 3.81 meters
Kitchen: 5.59 x 3.51 meters
Pantry: 1.68 x 1.68 meters
Bathroom: 2.67 x 1.68 meters

Second level

Foyer: 1.98 x 1.98 meters
Kitchen: 3.15 x 3.17 meters
Bathroom: 2.03 x 1.6 meters
Living room: 4.01 x 3.86 meters

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Blinds
Flooring: Concrete, Vinyl, Porcelain Tile
Foundation: Block, Concrete
Exterior: Vinyl siding
Lot Features: Level lot, Wooded area, Open space, Level, Paved yard, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

56d

Niagara Falls (Downtown) listings, avg age

90d

Price / ft²

$420

List price

$735K

Haho

This 4-bed single family in Niagara Falls (Downtown) has been listed for 56 days, which is 34 days fresher than the city average of 90. Act while there is still low competition.

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Listed by CENTURY 21 PEOPLE'S CHOICE REALTY INC. · PAUL DHAND

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2E)

This home lists at $735,000, about 12.1× the local median household income of $60,800.

Carrying it typically needs a household income of about $143,571 (20% down, 25-yr amortization, stress-tested) — roughly 136% 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)

$735,000· $420/ft²

For sale

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Full Cost Breakdown

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Down Payment6.60% · $48,500

Min 6.60%50%

Mortgage payment$3,806/mo

↳ CMHC premium ($27,460 capitalized)

Property tax (est.)$160/mo

Total monthly$3,966

Cash Needed to Close

Down payment (6.60%)$48,500

Land transfer tax$11,175

Est. closing costs$4,705

Total cash needed$64,380

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