$699,000

For sale

5857 MURRAY Street, Niagara Falls (Dorchester) - Single Family for Sale

5857 MURRAY Street, Niagara Falls (Dorchester), Ontario, L2G2J9

5 beds2 baths4 parking1,750 ft²64 × 164 ft (10,496 sq ft) lot sizeListed 41 days ago

Overview

This 5-bedroom, 2-bathroom home in Niagara Falls is for sale offering roughly 1,750 sq ft of space. It has been on the market 41 days, fresher than the Niagara Falls average of 62 days.

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Description

SPECTACULAR NIAGARA FALLS LEGAL DUPLEX WITH INCREDIBLE INCOME POTENTIAL! Welcome to this massive, fully upgraded legal duplex located on prestigious Murray Street in one of Niagara Falls' most desirable neighborhoods. Just a 10-minute walk to Niagara Falls, this exceptional property offers outstanding income potential for investors, Airbnb operators, or owner-occupiers. This property features a legal Accessory Dwelling Unit (ADU) and a City-approved Airbnb Business License, making it a rare turnkey investment opportunity. Unit 1 - Two-Store Main Residence The spacious two-story unit features: Main Floor: Elegant, oversized Livingroom with a cozy fireplace; Separate formal dining room; Spacious kitchen; Convenient laundry room Second Floor: Three generous bedrooms; Beautifully updated full bathroom Recent Upgrades: New flooring (2024); Fresh paint (2026); Stainless steel appliances with gas stove; New laundry room (2026) Unit 2Legal Basement ADU (Built 2026) Separate Entrance newly constructed, fully legal basement suite featuring: 2 spacious bedrooms; Bright living room; Full bathroom; Modern kitchen with new appliances; New flooring and fresh paint; laundry facilities Outdoor Features Situated on an approximately 9,793 sq. ft. lot, the property offers an expansive backyard perfect for entertaining, relaxing, or future development. Enjoy two separate gazebos, creating ideal outdoor spaces for family gatherings or guests. The generous lot size may also offer the potential to construct a second Accessory Dwelling Unit (ADU), subject to City approvals and permits, providing an exciting opportunity to further increase rental income and maximize the property's investment potential. Major Capital Improvements* Complete electrical rewiring (2026)* New 200-amp electrical service* ESA Certificate (2026) (id:66096)

Property Details

MLS®: X13823952
Property Type: Single Family
Zoning: R1E
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 64 × 164 ft (10,496 sq ft)
Frontage: 64 ft
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,136/yr
Listed

Rooms

Main level

Living room: 7.16 x 3.71 meters
Laundry room
Dining room: 3.58 x 3.2 meters
Kitchen: 3.71 x 3.56 meters

Lower level

Primary Bedroom
Bedroom 2
Recreational, Games room: 4.42 x 4.27 meters
Laundry room: 3.23 x 2.13 meters
Bathroom

Second level

Primary Bedroom: 4.11 x 3.51 meters
Bedroom 2: 3.81 x 3.1 meters

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Foundation: Poured Concrete
Exterior: Steel, Aluminum siding
Lot Features: Sump Pump

Services

Water: Municipal water, Unknown
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

41d

Niagara Falls (Dorchester) listings, avg age

62d

Price / ft²

$399

List price

$699K

Haho

This 5-bed single family in Niagara Falls (Dorchester) has been listed for 41 days, which is 21 days fresher than the city average of 62. Act while there is still low competition.

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Listed by RE/MAX REAL ESTATE CENTRE INC. · RISHABH GANDHI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2G)

This home lists at $699,000, about 10.1× the local median household income of $69,000.

Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 98% above the area median.

Median household income: $69,000
Population: 30,344
Median age: 44.8
Owner / renter: 63% / 37%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L2G)

$699,000· $399/ft²

For sale

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Full Cost Breakdown

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Down Payment6.42% · $44,900

Min 6.42%50%

Mortgage payment$3,626/mo

↳ CMHC premium ($26,164 capitalized)

Property tax (est.)$261/mo

Total monthly$3,888

Cash Needed to Close

Down payment (6.42%)$44,900

Land transfer tax$10,455

Est. closing costs$4,597

Total cash needed$59,952

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