$529,900
Niagara Falls
5568 Drummond Road, Niagara Falls (Hospital), Ontario, L2G4L3
This 5-bedroom, 2-bathroom home in Niagara Falls is for sale offering roughly 900 sq ft of space. Listed at $529,900, it is attractively priced about 10% below the $589,000 median asking price in Niagara Falls. It has been on the market 79 days, fresher than the Niagara Falls average of 113 days.
Welcome to an opportunity that goes well beyond the home itself. Set on an impressive 250 foot deep lot in the heart of Niagara Falls, this property offers the space, location, and flexibility to think about both today and tomorrow.Enjoy the existing home as a comfortable residence while exploring the possibilities that a lot of this size may offer. Whether your vision includes a garden suite, additional dwelling, severance opportunity to create a separate building lot, or a future redevelopment concept, there are several potential directions for an owner, investor, or builder to investigate. All development, severance, additional dwelling, and garden suite opportunities are subject to municipal zoning, servicing, permits, approvals, and confirmation with the City of Niagara Falls. The existing home also provides versatility, featuring a fully finished lower level with a separate entrance, creating potential for extended family, an in law setup, or additional living space. A garage, generous driveway parking, and the exceptional depth of the property add to its functionality and appeal. Located approximately 5 minutes from Niagara Falls attractions, with convenient access to the QEW, schools, shopping, transit, and everyday amenities, the location combines accessibility with long term potential. You're not simply buying a house. You're buying options. Live in it, invest in it, explore adding another dwelling, investigate severance, or hold the property while planning for the future. Properties with this combination of an existing home, a 250 foot deep lot, central location, and multiple potential future uses don't come along often. Bring your vision and explore what could be possible. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 79 days on market, against an average age of 113 days across the listings currently for sale in this city
This 5-bed single family in Niagara Falls (Hospital) has been listed for 79 days, which is 34 days fresher than the city average of 113. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $529,900, about 7.7× the local median household income of $69,000.
Carrying it typically needs a household income of about $103,508 (20% down, 25-yr amortization, stress-tested) — roughly 50% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2G)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.