$688,000

For sale

5527 Palmer Avenue, Niagara Falls (Downtown) - Single Family for Sale

5527 Palmer Avenue, Niagara Falls (Downtown), Ontario, L2E3V3

3 beds4 baths4 parking1,300 ft²37 × 75 ft (2,753 sq ft) lot sizeListed 23 days ago

Overview

This 3-bedroom, 4-bathroom home in Niagara Falls is for sale offering roughly 1,300 sq ft of space. It has been on the market 23 days, fresher than the Niagara Falls average of 88 days.

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Description

Prime Location & Modern Comfort Near the Falls!Welcome to this beautifully updated detached home situated just steps away from the world-famous Niagara Falls, Casino Niagara, and the vibrant attractions of Clifton Hill. Featuring a gorgeous custom kitchen complete with stainless steel appliances (Stove, Dish Washer Never Used), a formal dining room for entertaining, and convenient main-floor laundry. This property offers 3 bedrooms-including two with their own private ensuites! Enjoy peace of mind with major updates already done, including a roof with shingles replaced in 2020 and a paved driveway. Exceptional value with quick, easy highway and border access. Whether you're looking for a stunning family home or a high-potential investment property in a tourist hub, this is a must-see! (id:66096)

Property Details

MLS®: X13886210
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 4
Half Baths: 2
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 37 × 75 ft (2,753 sq ft)
Frontage: 37 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $2,815.71/yr
Listed

Rooms

Main level

Dining room: 3.74 x 3.6 meters
Living room: 3.45 x 3.41 meters
Kitchen: 4.7 x 3.24 meters
Den: 3.1 x 1.52 meters
Laundry room: 2.5 x 1.04 meters
Partial bathroom: 1.67 x 1.52 meters

Second level

Bathroom: 2.43 x 1.8 meters
Bathroom: 2.08 x 1.05 meters
Bedroom: 3.61 x 3.3 meters
Bedroom 2: 3.45 x 2.85 meters

Features

Appliances: Refrigerator, Water meter, Dishwasher, Stove, Microwave
Foundation: Concrete
Exterior: Aluminum siding
Lot Features: Carpet Free

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

Niagara Falls (Downtown) listings, avg age

88d

Price / ft²

$529

List price

$688K

Haho

This 3-bed single family in Niagara Falls (Downtown) has been listed for 23 days, which is 65 days fresher than the city average of 88. Act while there is still low competition.

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Listed by MASTER'S CHOICE REALTY INC. · GANG ZHANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2E)

This home lists at $688,000, about 11.3× the local median household income of $60,800.

Carrying it typically needs a household income of about $134,390 (20% down, 25-yr amortization, stress-tested) — roughly 121% 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)

$688,000· $529/ft²

For sale

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Full Cost Breakdown

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Down Payment6.37% · $43,800

Min 6.37%50%

Mortgage payment$3,572/mo

↳ CMHC premium ($25,768 capitalized)

Property tax (est.)$235/mo

Total monthly$3,806

Cash Needed to Close

Down payment (6.37%)$43,800

Land transfer tax$10,235

Est. closing costs$4,564

Total cash needed$58,599

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