3 days on Market

5042 Ontario Ave, Niagara Falls, Ontario L2E 3R9

Townhouse
3
2
~1500-2000 sqft
$564,000
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Townhouse
3
2
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$329/sqft

Est. Mortgage$2,422/mo

Tax Amount (2024)$2,862/yr

Days On Market3 days


Description

An incredible opportunity in the heart of Niagara Falls! This legal duplex offers versatility, charm, and reliable rental income-perfect for investors or those looking to live in on unit while renting the other. Situated just steps from the Niagara River, and minutes to Clifton Hill, the Casino, Go Station, and the USA border, this centrally located property features features two self-contained units with separate entrance and shared laundry/storage space in the basement. Main floor unit: A spacious one-bedroom layout with soaring 9-foot ceilings, a large , bright kitchen, a 4-piece bath and a mudroom with closet and window. This unit blends old-world charm with modern updates. Upper Unit: A sun-drenched two-bedroom unit with an open-concept kitchen and living room, and a modern feel throughout. Great natural light and functional living space. Additional Features: Professionally waterproofed basement with sump pump, shared laundry (new Washer 2025), two storage lockers for tenants + one for owner, updated electrical panel. Private, mature fenced yard. Both units are currently tenanted from long -term tenants with a month-to-month lease. Whether you're adding to your portfolio or house-hacking your way into the market, 5042 Ontario Avenue is a great opportunity.


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size3,750 SqFt(125 x 30)
Parking Spaces4
MLS ®NumberX12177903
Community NameElgin
Data SourceTRREB
Listing byRE/MAX REALTY SERVICES INC.

Features

Heating: Forced Air
Basement: Unfinished

Ground Floor

Kitchen

3.94 x 3.27

Laminate / Large Window / Eat-In Kitchen

Mudroom

1.96 x 1.26

Laminate / Large Window / Closet

Living

4.7 x 3.44

Laminate / Pot Lights / French Doors

Primary

3.48 x 3.37

Laminate / French Doors / Double Closet


Features

Lot size: 3,750 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property listed by RE/MAX REALTY SERVICES INC., Brokerage
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Population and Demographics

Overview

Total population 9664
Average household income $80,133

Age (%)

50 to 64
23%
65 and plus
22%
20 to 34
20%
35 to 49
18%
0 to 19
17%

Household composition (%)

Single family
49%
Single person
43%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
86%
Others
6%
Italian
3%
French
2%
Spanish
2%

House tenancy (%)

Owners
54%
Renters
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget