$836,000 - 5640 Buchanan Avenue, Niagara Falls
Detached for Sale in Niagara Falls
63 days on market- MLS Number
- X12984486
- Property Type
- Detached
- Status
- active
- Days on Site
- 63
- Bedrooms
- 8
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Niagara Falls
- Listing Brokerage
- CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Prime location in the heart of Niagara Falls' tourist district! This fully renovated and upgraded 1.5-storey detached home sits on a generous 50 ft x 105.6 ft lot and features 2 self-contained units, all newly updated within the existing exterior walls. The home offers 9 ft high ceilings on Ground Floor, two high-end kitchens, and four full washrooms with modern standing showers, 200-amp electrical service, complemented by elegant pot lights throughout. Enjoy enhanced comfort with newly insulated walls, roof, and floors for improved soundproofing. Additional highlights include a double car-wide driveway, insulated garage with an electric vehicle charging outlet, security cameras, and a spacious backyard with a large deck and concrete flooring-perfect for entertaining. Ideally located steps to public transit and the GO Station, minutes to Ferry Street, and within walking distance to Niagara Falls, major attractions, and the bridge to the USA. An excellent opportunity for homeowners and investors alike, offering strong income potential and long-term value due to its prime location in a high-demand area.
Estimate your monthly payments for this property
Estimated Payment
$4,289.11/mo
Includes CMHC insurance ($23,324)
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.
5640 Buchanan Avenue, 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 $760/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 63 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.
Excellent Flexibility
With 8 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 4 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 $3,483 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.