5371 Huron Street, Niagara Falls

Price: $464,900

3 bedrooms, 2 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: X12971828

Character home with two separate suites and R2 zoning-perfect for an income property or living in one unit while generating rental income from the other. The property features a tenanted 2-bedroom suite and a main level vacant 1-bedroom suite, making it an ideal opportunity for an owner-occupant looking to offset their mortgage. The vacant main floor unit features access to the backyard, basement and 1.5 car garage. Each suite offers its own private entrance and fully equipped kitchen, providing complete independence and privacy for both owner and tenant. This flexible layout is also well-suited for multi-generational living.Located in a desirable neighbourhood close to schools, shopping, dining, and public transportation, the home has been well maintained over the years. Additional highlights include a private driveway, detached 1.5-car garage, and private yard, offering comfort, convenience, and excellent long-term value.

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$464,900 - 5371 Huron Street, Niagara Falls

Detached for Sale in Niagara Falls

72 days on market
3Beds
2Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
X12971828
Property Type
Detached
Status
active
Days on Site
72
Bedrooms
3
Bathrooms
2
Square Feet
1,100 - 1,499 sqft
Neighbourhood
Niagara Falls
Listing Brokerage
RE/MAX NIAGARA REALTY LTD, BROKERAGE
Description

Character home with two separate suites and R2 zoning-perfect for an income property or living in one unit while generating rental income from the other. The property features a tenanted 2-bedroom suite and a main level vacant 1-bedroom suite, making it an ideal opportunity for an owner-occupant looking to offset their mortgage. The vacant main floor unit features access to the backyard, basement and 1.5 car garage. Each suite offers its own private entrance and fully equipped kitchen, providing complete independence and privacy for both owner and tenant. This flexible layout is also well-suited for multi-generational living.Located in a desirable neighbourhood close to schools, shopping, dining, and public transportation, the home has been well maintained over the years. Additional highlights include a private driveway, detached 1.5-car garage, and private yard, offering comfort, convenience, and excellent long-term value.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,385.18/mo

Includes CMHC insurance ($12,971)

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5-yr fixed avg.

Principal: $418,410Interest: $284,173
Mortgage Amount$431,381
Total Interest$284,173
Est. Property Tax$329/mo
Total Cost$715,553

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

5371 Huron Street, 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)
6.1%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$329
Insurance (est.)-$97
Net Cash Flow+$2,374

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 $423/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.

Negotiation Opportunity

At 72 days on site, this property has exceeded the typical selling timeline for Niagara Falls. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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.

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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    5371 Huron Street, Niagara Falls | $464,900 | Battaglia Team