$510,000 - 6133 Prospect Street, Niagara Falls
Multi-Family for Sale in Niagara Falls
111 days on market- MLS Number
- X12566008
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 111
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Niagara Falls
- Lot Size
- 5,640 sqft
- Listing Brokerage
- REVEL Realty Inc., Brokerage
Welcome to a unique opportunity in the centre of downtown Niagara Falls. An income-generating duplex full of character and future potential. Positioned on an oversized 40' x 141' lot offering opportunity for possible expansion or an ADU. This property includes two self-contained units and a versatile detached garage that could easily serve as a workshop, hobby space, or studio. The home retains its original charm with timeless details such as solid wood trim, elegant pocket doors, and an inviting foyer. The main-level unit offers a generous 1 bedroom, 1 bath layout with an open kitchen and living space, in-suite laundry, and direct access to a large, private backyard. It can also be converted back to its former 2-bedroom configuration if desired. The upper-level unit is bright and welcoming, featuring 1 bedroom, 1 bath, in-suite laundry, and access to an unfinished attic that provides excellent storage or potential for further expansion. Recent updates to the furnace, A/C, electrical, windows, siding, and roof provide peace of mind, while the enclosed front porch adds extra functional space. With its size, layout, and location, this property appeals to a wide range of buyers-investors, multi-generational families, or anyone looking to live in one unit while renting out the other. Situated steps from transit and minutes to the Falls, Hospital, entertainment district, University of Niagara Falls, the Niagara River, and the U.S. border, this is a rare chance to secure a flexible property in a great area.
Estimate your monthly payments for this property
Estimated Payment
$2,616.56/mo
Includes CMHC insurance ($14,229)
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.
6133 Prospect 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 $464/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 111 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.
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 $2,125 (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.