5163 River Road, Niagara Falls, ON L2E 3G8
$899,000
$899,000

5163 River Road

210 - Downtown, Niagara Falls, Niagara $899,000

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4 Beds
2 Baths
3000-3500 sqft
Detached Garage
Parking for 5
West Facing
Zoning: r2
MLS®#:
X13206242
Property Type:
Duplex
Property Style:
3-Storey
Area:
Niagara
Community:
210 - Downtown
Taxes:
$4,645 / 2026
Added:
May 27 2026
Lot Frontage:
50
Lot Depth:
151.74
Status:
Active
Outside:
Brick,Wood
Year Built:
Basement:
Full
Brokerage:
RE/MAX NIAGARA REALTY LTD, BROKERAGE
Lot :

151

50

BIG LOT

Intersection:
OTTER
Rooms:
Bedrooms:
4
Bathrooms:
2
Fireplace:
Utilities
Water:
Municipal
Cooling:
Central Air
Heating Type:
Radiant
Heating Fuel:

Listing Details

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.

Insights

  1. Strong Rental Income Potential: The property features two fully upgraded units, each with two bedrooms, currently rented at $2,000/month plus utilities. This provides a solid income stream for investors.
  2. Modern Upgrades and Amenities: The duplex has been completely rewired in 2023, with new baths and kitchens, central air conditioning, and pot lights throughout, ensuring a modern living experience for tenants or owners.
  3. Additional Revenue Opportunity: The partially finished third-floor studio apartment offers an easy opportunity to generate more rental income, with existing plumbing and kitchen facilities in place.

Sale/Lease History of 5163 River Road

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Neighborhood Overview

Complete neighborhood profile for 5163 River Road

210 - Downtown home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in 210 - Downtown

Insights for 5163 River Road

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)