
5163 River Road
Niagara Falls (Downtown), ON L2E 3G8
- 4Bedrooms
- 2Bathrooms
- 7Parking
- 3000–3500Sq Ft
- $4,645Tax
- 50×152 ftLot Size
- Free EstimateSee Free Estimate Report

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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 5163 River Road, Niagara Falls, Downtown
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-05-27 | 2026-09-30 | Login to See Prices | Expired | x13206242 |
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About 5163 River Road, Niagara Falls, Downtown
Summarized Description
- Spectacular duplex with stunning river views.
- Two fully upgraded units with modern amenities.
- Each unit features new baths and kitchens.
- Separate utilities for each unit enhance value.
- Partially finished studio for additional revenue potential.
- Detached double garage with concrete flooring.
- Air conditioning throughout all three floors.
- Current rental income of $2000/month.
SPECTACULAR NIAGARA RIVER DUPLEX WITH INCREDIBLE INCOME POTENTIAL! Situated on prestigious River Road, one of Niagara's most highly sought-after neighborhoods overlooking the majestic Niagara River, this massive, fully upgraded property offers an exceptional opportunity for savvy investors or owner-occupiers. The property features two expansive 1,300-square-foot units, each offering 2 spacious bedrooms, a beautifully updated bathroom, a bright sunroom, a kitchen, a formal dining room, and a living room complete with elegant French doors and gleaming hardwood floors. Both main and second-floor units boast individual full basements for ample storage, separate gas and hydro meters, and two owned hot water tanks. Capital improvements abound with a complete electrical rewiring in 2023 featuring pot lights throughout and hardwired smoke detectors, along with fully replaced windows and central air conditioning spanning all three floors. A detached double garage with concrete floors provides excellent parking or storage. Financially rewarding, the main floor currently generates $2,000 per month plus heat and hydro. The identical second-floor unit also commands $2,000 per month plus heat and hydro but will be delivered vacant on August 1st, allowing you to move right in or set your own current market rents. Adding massive upside is the 800-square-foot partially finished third-floor studio space, already framed with provisions for a kitchen, bathroom, and living area-an incredibly easy finish to maximize your revenue via the traditional rental market or a lucrative short-term Airbnb. Turnkey mechanics, premium location, and undeniable value-add potential make this River Road gem a rare find.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,645
- Land Transfer Tax Fee
- $14,455
- Basement Type
- Full
Interior Features
- Interior Extras
- Separate Hydro Meter, Storage, Water Heater Owned
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 3-Storey
Construction
- Exterior Finish
- Brick, Wood
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete Block
- Special Designation
- Unknown
Lot
- Lot Front
- 50.00 ft
- Lot Depth
- 151.74 ft
- Lot Shape
- Rectangular
Parking & Garages
- Garage Type
- Detached
- Garage Spaces
- 2
- Parking Spaces
- 5
- Total Garage And Parking Spaces
- 7
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Radiant
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Natural Gas
- Yes
- Hydro
- Yes
- Bedrooms
- 4
- Washrooms
- 2
- Kitchens
- 2
Washrooms
- 3-piece
- Municipality
- Niagara Falls
- Neighbourhood
- Downtown
- Main cross streets
- OTTER
- Zoning
- r2
- Directions
- RIVER RD, BETWEEN OTTER AND SENACA STREETS
- Waterfront
- Indirect
- MLS® number
- X13206242
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-09-30
- Listed on
- 2026-05-27
- Days on market
- 126 days
- Possession type
- Flexible
- Co-op commission
- 2 H.S.T.
- Seller
- Listed by
- RE/MAX NIAGARA REALTY LTD, BROKERAGE
Home Market Value
Current home valuation for 5163 River Road, Niagara Falls, Downtown, Niagara Falls, ON. Listed for $899,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 5163 River Road, Niagara Falls, Downtown
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $399,000 over $500K
$64,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $33,335 | $25,082 | $21,396 | $0 |
=Total mortgage | $866,708 | $834,182 | $785,546 | $719,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,232monthly | $4,073monthly | $3,835monthly | $3,511monthly |
Land Transfer Tax
$14,455
$14,455
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