$659,000 - 5039 Armoury Street, Niagara Falls
Multi-Family for Sale in Niagara Falls
New — Listed 5 days ago- MLS Number
- X13242354
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 5
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Niagara Falls
- Listing Brokerage
- RE/MAX ESCARPMENT GOLFI REALTY INC.
Incredible opportunity totally renovated top to bottom 2-unit fully rented solid cap rate! Just minutes from Niagara Falls, Clifton Hill, casinos, golf, and Niagara's wine country. This 2.5 Storey with full finished basement boasts 6 bedrooms, 3 full bath, this property features 2 fully self-contained units with separate entrances and hydro meters, creating outstanding income potential investment for years to come. The open-concept main floor showcases a brand-new kitchen (2022) with quartz countertops, a dining/living area with custom brick gas fireplace, and a hand-crafted black locust mantle and heated towel racks in 2 baths. All four levels have been meticulously renovated top to bottom, with new insulation, updated plumbing and electrical, and a new A/C (2025). Exterior upgrades include new siding, tear off roof, windows, and doors (2020), insulation, plus a new front porch and stairs (2025). The exposed aggregate wraparound driveway and walkway (2022) lead to a large deck overlooking the private fenced yard. A detached 1.5-car garage with new concrete, wood stove and attic, plus shed and garden space, adds even more value. Easy to convert back to a single-family home, this property is a rare blend of character, function, and opportunity. A must-see to truly appreciate.
Estimate your monthly payments for this property
Estimated Payment
$3,381.01/mo
Includes CMHC insurance ($18,386)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Niagara Falls
Niagara Falls is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Niagara Falls
- •Convenient location in Niagara Falls
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Niagara Falls offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
5039 Armoury Street, Niagara Falls
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $439/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Niagara Falls's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Niagara Falls.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Niagara Falls properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,746 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.