5161-5163 River Road, Niagara Falls - $825,000 | Modern Solution Realty

5161-5163 River Road, Niagara Falls

5161-5163 River Road in Niagara Falls - 4 bedroom, 2 bathroom. Listed at $825,000.

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 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 the opportunity to create a separate Additional Dwelling Unit (ADU) for rental income. Alternatively, it can be integrated into the second-floor apartment 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

Property Details

  • Property Type: Mortgage
  • Style: 3-Storey
  • Square Footage: 3250 sqft
  • Basement: Full
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 6 spaces
  • Property Taxes: $4,645/yr
  • Neighbourhood: 210 - Downtown
  • Postal Code: L2E 3G8

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