5145 RICE CRESCENT, Niagara Falls (Downtown)
$499,000
For sale: Multiplex
- Property type
- Duplex
- Bedrooms / bathrooms
- 5 bedrooms, 4 bathrooms
- Living area
- 1,500 sqft
- MLS®
- MLS® X13720124
- Neighbourhood
- 210 - Downtown
Strong investment opportunity with multiple income streams and excellent flexibility for investors or owner-occupants. This legal duplex features a spacious 2-bedroom main floor unit and a bright 1-bedroom upper unit, each with separate entrances. Additionally there is a lower-level living space with in-law potential offering separate entrance, kitchen, bathroom and two bedrooms. Coin laundry on site provides added revenue opportunity. Property offers parking for 3 vehicles and a low-maintenance backyard for tenant enjoyment. Centrally located in a convenient downtown area within walking distance to shopping, restaurants, amenities, and the Falls. Excellent opportunity to add value and maximize cash flow in a high-demand rental location. 24 hours notice required for all showings.
Sold data
Multiplex homes in Niagara Falls (Downtown) — recent sold market
Multiplex homes in Niagara Falls (Downtown) took a median of 35 days to sell over the last 730 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 60, across 34 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.
The median sale price was $530,000.
Homes sold for about 7.8% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
- Median days to sell
- 35
- Median sale price
- $530,000
- Sale-to-list ratio
- 92.2%
- Sold above asking
- 12%
Based on 34 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Niagara Falls (Downtown)
Niagara Falls (Downtown) has 31 Fraser Institute–rated schools (26 elementary and 5 secondary), averaging 7.6/10.
- Rated schools
- 31
- Elementary
- 26
- Secondary
- 5
- Average rating
- 7.6 / 10
Top-rated schools in Niagara Falls (Downtown)
- Kate S Durdan — elementary, Niagara FallsFraser rating 10.0/10
- Father Hennepin — elementary, Niagara FallsFraser rating 9.9/10
- St Vincent de Paul — elementary, Niagara FallsFraser rating 9.9/10
- Orchard Park — elementary, Niagara FallsFraser rating 9.8/10
- Simcoe Street — elementary, Niagara FallsFraser rating 9.4/10
- Heximer Avenue — elementary, Niagara FallsFraser rating 9.3/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 5145 RICE CRESCENT
$449,900
Multiplex431,500–2,000 sqft20 DUFFERIN STREET, 332 - Central, Fort Erie
$595,000
Multiplex442,500–3,000 sqft245 STANTON STREET, 332 - Central, Fort Erie
$459,900
Multiplex34454 HURON STREET, 210 - Downtown, Niagara Falls
$548,800
Townhouse5+241,400–1,599 sqft38 - 7789 KALAR ROAD, 222 - Brown, Niagara Falls
$560,000
Townhouse5+241,100–1,500 sqft80 MONARCH STREET, 771 - Coyle Creek, Welland
$685,000
Detached5+241,500–2,000 sqft25 STEVENS DRIVE, 107 - Glendale, Niagara-on-the-Lake
$639,900
Townhouse441,600–1,799 sqft61 - 4552 PORTAGE ROAD, 211 - Cherrywood, Niagara Falls
$649,900
Townhouse4+142,000–2,500 sqft4343 CHEMONDA STREET, 224 - Lyons Creek, Niagara Falls