4741 FIRST Avenue
Niagara Falls
- 3 bed
- Single Family
Attention Builders, Investors & Renovators! Fantastic opportunity to acquire a valuable 70’ x 150’ lot with an existing home—ideal for redevelopment or investment. The sellers have already completed the pre-consultation process with the City of Niagara Falls Planning Department, paving the way for future growth. Options include severing the lot into two parcels to build detached homes, or severing into three parcels for semi-detached or townhouse development. This prime location is just 2 minutes to the Niagara Falls GO Station and Niagara University, and only 5 minutes to the vibrant entertainment district—a high-demand area with strong growth potential. Live in or rent the existing 3-bedroom, 1-bathroom home (approx. 950 sq. ft.) while you plan your project. An excellent opportunity for those looking to build, invest, or add value in one of Niagara’s most promising neighbourhoods.
Price History
Schools
Elementary
- St Patrick Catholic Elementary School0.2 km
Catholic · Niagara CDSB · 185 students
Grade 3 reading: 100% met the provincial standard
- Simcoe Street Public School0.4 km
Public · DSB Niagara · 285 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 56% met the provincial standard
- Valley Way Public School0.7 km
Public · DSB Niagara · 300 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 40% met the provincial standard
Secondary
- Stamford Collegiate2.5 km
Public · DSB Niagara · 805 students
Grade 10 literacy: 80% met the provincial standard
- A N Myer Secondary School2.9 km
Public · DSB Niagara · 1155 students
Grade 10 literacy: 89% met the provincial standard
- Saint Paul Catholic High School3.2 km
Catholic · Niagara CDSB · 790 students
Grade 10 literacy: 84% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L2E
- Population
- 18,587
- Private dwellings
- 9,017
- Median age
- 46.4
- Average household size
- 2.2
- Median household income
- $60,800
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Niagara Falls · last 12 months
- Median sold price
- $560,000
- Homes sold
- 1,063
- Median days on market
- 31
- Sale-to-list price
- 96.2%
Based on 1,063 recorded sales of single family properties in Niagara Falls over the last 12 months.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$65,000
Estimated Monthly Payment
$1,597
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,597/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $81/mo
Estimates only. Consult a financial advisor.
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