$699,900 - 5241 Kitchener Street, Niagara Falls
Detached for Sale in Niagara Falls
39 days on market- MLS Number
- X13087194
- Property Type
- Detached
- Status
- active
- Days on Site
- 39
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Niagara Falls
- Lot Size
- 5,000 sqft
- Listing Brokerage
- BAY STREET GROUP INC.
Welcome to 5241 Kitchener St, ideally located in the heart of Niagara Falls, just walking distance to the Falls and the vibrant tourist district. Recently renovated from top to bottom, this unique property offers exceptional flexibility for families, investors, or short-term rental opportunities with desirable TC zoning.Featuring 7 bedrooms and 5 bathrooms in total, the spacious layout is designed for comfortable multi-generational living or income potential. The main floor offers 3 bedrooms, including a private ensuite, an additional full bathroom, and a versatile room currently used as a kids' playroom. The modern full-size kitchen is finished with quartz countertops and ample space for entertaining.The second floor includes 2 bright bedrooms, a full bathroom, and an extra living area with TV space - perfect for extended family or guests. The basement features a separate entrance, 2 bedrooms with 2 ensuite bathrooms, and excellent in-law suite potential.A fantastic opportunity for first-time buyers to offset mortgage costs by renting part of the home, or for investors seeking strong income potential in a prime tourism location. Furniture is negotiable. Conveniently located close to schools, shopping centres, and easy QEW access
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
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.
5241 Kitchener Street, Niagara Falls
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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 $636/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.
Market Position
At 39 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Niagara Falls are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 7 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 5 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 $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.