5261 BUCHANAN Avenue, Niagara Falls

Price: $479,000

3 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X13249556

Welcome to 5261 Buchanan Avenue, a turnkey property featuring a beautifully updated 2-bedroom, 1-bathroom main floor and a newly constructed LEGAL 1-bedroom, 1-bathroom basement apartment with separate living space and high-end finishes. Major upgrades completed in 2026 include NEW ROOF, NEW FURNACE, NEW A/C, 200-AMP ESA-APPROVED ELECTRICAL, new attic insulation, eavestroughs and downspouts, front and back decks, concrete driveway, privacy fence, professionally waterproofed basement with a new sump pump, and professionally capped and caulked windows. The main floor offers a fully renovated kitchen, bathroom, bedrooms, and living area, complemented by brand-new appliances throughout. Ideally located close to schools, shopping, parks, public transit, and other amenities. An excellent opportunity for homeowners seeking mortgage-helping income or investors looking for a move-in-ready property with a legal secondary unit.

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$479,000 - 5261 BUCHANAN Avenue, Niagara Falls

Detached for Sale in Niagara Falls

Popular Listing
3Beds
2Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
X13249556
Property Type
Detached
Status
active
Days on Site
8
Bedrooms
3
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Niagara Falls
Listing Brokerage
REVEL Realty Inc., Brokerage
Description

Welcome to 5261 Buchanan Avenue, a turnkey property featuring a beautifully updated 2-bedroom, 1-bathroom main floor and a newly constructed LEGAL 1-bedroom, 1-bathroom basement apartment with separate living space and high-end finishes. Major upgrades completed in 2026 include NEW ROOF, NEW FURNACE, NEW A/C, 200-AMP ESA-APPROVED ELECTRICAL, new attic insulation, eavestroughs and downspouts, front and back decks, concrete driveway, privacy fence, professionally waterproofed basement with a new sump pump, and professionally capped and caulked windows. The main floor offers a fully renovated kitchen, bathroom, bedrooms, and living area, complemented by brand-new appliances throughout. Ideally located close to schools, shopping, parks, public transit, and other amenities. An excellent opportunity for homeowners seeking mortgage-helping income or investors looking for a move-in-ready property with a legal secondary unit.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,457.52/mo

Includes CMHC insurance ($13,364)

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5-yr fixed avg.

Principal: $431,100Interest: $292,791
Mortgage Amount$444,464
Total Interest$292,791
Est. Property Tax$339/mo
Total Cost$737,255

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.

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Neighbourhood Guide: Niagara Falls

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

5261 BUCHANAN Avenue, Niagara Falls

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
5.9%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$339
Insurance (est.)-$100
Net Cash Flow+$2,361

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $684/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.

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.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

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.

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