5161-5163 River Road, Niagara Falls
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 $1,940 per month plus heat and hydro. The identical second-floor unit also commands $2,500 per month plus heat and hydro, and will be delivered vacant-perfect for an owner-occupant or an investor looking to set current market rents. Massive upside awaits in the 800-square-foot, partially finished third-floor loft. Already framed and plumbed for a kitchen, bathroom, and living area, this space offers an incredibly easy finish to create a separate third unit for traditional renting or a lucrative short-term Airbnb. Alternatively, it can be integrated into the second floor as a spectacular master suite with an ensuite bathroom, transforming the unit into a high-value three-bedroom apartment. Turnkey mechanics, premium location, and undeniable value-add potential make this River Road gem a rare find (id:1945)
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Property details for 5161-5163 River Road, Niagara Falls
- Type
- Multi-family
- Bedrooms
- 4
- Bathrooms
- 2
- Lot Size
- 50 x 151.7 FT
- Stories
- 3
- Basement
- Full, Separate entrance
- Parking
- Detached Garage, Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning, Wall unit
- Exterior
- Brick Veneer
- Annual Taxes
- $4,645 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 5161-5163 River Road
Active Listings
10
Min Price
$299,900
Max Price
$888,888
Avg Price
$632,069
Days on Market
45
days
Sold Listings
9
Min Sold Price
$299,900
Max Sold Price
$629,000
Avg Sold Price
$487,489
Days until Sold
50
days
Neighbourhood Census Data
Niagara Falls, Ontario
Population
449
Median Age
44.1
Median Income
$25,451
Dwelling Value
$276,113
Housing Tenure
Owners 45%
Renters 55%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.1
Pop. Density: 1,515.9/km²
Avg Shelter Cost: $1,338/mo
Owners with Mortgage: 78.9%
Owners Spending 30%+: 27.8%
Tenants Spending 30%+: 56.5%
English only: 88.9%
English and French: 8.9%
Neither: 2.2%
Median Household Income: $46,592
Median Employment Income: $23,851
Price History
Listed
September 17, 2026
by RE/MAX NIAGARA REALTY LTD, BROKERAGE
Current Price
$825,000
Type
Multi-family
For Sale
