5163 River Road, Niagara Falls, ON L2E 3G8
Niagara Falls, ON, L2E 3G8 · 210 - Downtown
About this property
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.
Features & Amenities
- Basement: Full
- Garage: Detached
- Cooling: Central Air
- Heat Type: Radiant
- Heat Source: Gas
- Style: 3-Storey
- Construction: Brick, Wood
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Duplex |
| Architectural Style | 3-Storey |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Basement | Full |
| Garage | Detached |
| Parking Spaces | 5 |
| Heat Type | Radiant |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $4,645 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Separate Hydro Meter, Storage, Water Heater Owned
Exterior Features
- Pool Features
- None
- Waterfront
- Yes
- Waterfront Features
- Other
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Brick, Wood
- Foundation Details
- Concrete Block
- Roof
- Asphalt Shingle
- Basement
- Full
Heating & Cooling
- Heat Type
- Radiant
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- Detached
- Garage
- Yes
- Parking Spaces
- 5
- Parking Total
- 7.00
- Parking Features
- Private
- Covered Spaces
- 2
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 151.74
- Lot Width
- 50.00
Financial & Tax
- Tax Annual Amount
- $4,645
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- FLEXIBLE
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 12
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 4
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Niagara
- Cross Street
- OTTER
- Directions
- RIVER RD, BETWEEN OTTER AND SENACA STREETS
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
5163 River Road, Niagara Falls, ON L2E 3G8, Niagara Falls, ON, L2E 3G8