Was listed for:Expired 21 days ago
$899,000

5163 River Road

Niagara Falls (Downtown), ON L2E 3G8

Multiplex ExpiredNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

Sell with HOMEH

HOMEH One: full-service selling for a 1% listing fee. The buyer's agent commission is separate.

Free Home EvaluationHow Much Is My Home Worth?Homes for Sale Nearby

Sale & Price History for 5163 River Road, Niagara Falls, Downtown

2026-05-27
2026-09-30
Expired
Price
Login to See Prices
MLS#
x13206242

Real estate boards require you to or to see the full details of this property.

*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

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

?

—

Estimated Sales Range

?

—

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.

Insufficient Data
See the full analysisFree Every recent nearby sale behind this number

For the owner

Is this your home? Track its value.

Get this home's HOMEH Estimate by email once a month, with how many homes are for sale around you.

Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Niagara Falls, ON
Minimum Down Payment Required:7.2%

5% on first $500K + 10% on $399,000 over $500K

Minimum down payment

$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
Are you a first time home buyer?

Land Transfer Tax

Provincial

$14,455

Total Land Transfer Tax

$14,455

Around this home

0/100Loading...
0/100Loading...
0/100Loading...
Map unavailable

No schools found nearby

Ask HOMEH

New!
H

Hi there!

👋

Text or call (416) 301-9001

Recommended for you

Based on homes you've looked at.

No recommended properties found.

Nearby similar homes

No nearby properties found.