5161-5163 River Road, Niagara Falls, ON L2E 3G8
5161-5163 River Road
Overview
|Description
SPECTACULAR NIAGARA RIVER DUPLEX WITH INCREDIBLE INCOME POTENTIAL! Situated on prestigious River Road, one of Niagara’s most highly sought-after neighborhoods overlooking the majestic Niagara River, this massive, fully upgraded property offers an exceptional opportunity for savvy investors or owner-occupiers. The property features two expansive 1, 300-square-foot units, each offering 2 spacious bedrooms, a beautifully updated bathroom, a bright sunroom, a kitchen, a formal dining room, and a living room complete with elegant French doors and gleaming hardwood floors. Both main and second-floor units boast individual full basements for ample storage, separate gas and hydro meters, and two owned hot water tanks. Capital improvements abound with a complete electrical rewiring in 2023 featuring pot lights throughout and hardwired smoke detectors, along with fully replaced windows and central air conditioning spanning all three floors. A detached double garage with concrete floors provides excellent parking or storage. Financially rewarding, the main floor currently generates $1, 940 per month plus heat and hydro. The identical second-floor unit also commands $2, 500 per month plus heat and hydro, and will be delivered vacant-perfect for an owner-occupant or an investor looking to set current market rents. Massive upside awaits in the 800-square-foot, partially finished third-floor loft. Already framed and plumbed for a kitchen, bathroom, and living area, this space offers an incredibly easy finish to create a separate third unit for traditional renting or a lucrative short-term Airbnb. Alternatively, it can be integrated into the second floor as a spectacular master suite with an ensuite bathroom, transforming the unit into a high-value three-bedroom apartment. Turnkey mechanics, premium location, and undeniable value-add potential make this River Road gem a rare find