5161-5163 River Road Niagara Falls, Ontario L2E 3G8
$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 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:49269)
Property Details
| MLS® Number | X13800086 |
| Property Type | Multi-family |
| Community Name | 210 - Downtown |
| Easement | Unknown, None |
| Parking Space Total | 6 |
| Water Front Name | Niagara River |
| Water Front Type | Waterfront |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Amenities | Separate Electricity Meters, Separate Heating Controls |
| Basement Features | Separate Entrance |
| Basement Type | Full |
| Cooling Type | Central Air Conditioning, Wall Unit |
| Exterior Finish | Brick Veneer |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 3,000 - 3,500 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 151 Ft ,8 In |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 151.7 Ft |
| Size Total Text | 50 X 151.7 Ft |
https://www.realtor.ca/real-estate/30296477/5161-5163-river-road-niagara-falls-downtown-210-downtown
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September 18 2026 12:23:57
Niagara Association of REALTORS®
RE/MAX Niagara Realty Ltd, Brokerage