5039 ARMOURY Street
Niagara Falls, Ontario
6 bed • 3 bath • Single Family
Incredible opportunity totally renovated top to bottom 2-unit fully rented solid cap rate! Just minutes from Niagara Falls, Clifton Hill, casinos, golf, and Niagara’s wine country. This 2.5 Storey with full finished basement boasts 6 bedrooms, 3 full bath, this property features 2 fully self-contained units with separate entrances and hydro meters, creating outstanding income potential investment for years to come. The open-concept main floor showcases a brand-new kitchen (2022) with quartz countertops, a dining/living area with custom brick gas fireplace, and a hand-crafted black locust mantle and heated towel racks in 2 baths. All four levels have been meticulously renovated top to bottom, with new insulation, updated plumbing and electrical, and a new A/C (2025). Exterior upgrades include new siding, tear off roof, windows, and doors (2020), insulation, plus a new front porch and stairs (2025). The exposed aggregate wraparound driveway and walkway (2022) lead to a large deck overlooking the private fenced yard. A detached 1.5-car garage with new concrete, wood stove and attic, plus shed and garden space, adds even more value. Easy to convert back to a single-family home, this property is a rare blend of character, function, and opportunity. A must-see to truly appreciate.
Price History
Schools
Elementary
- Valley Way Public School0.4 km
Public · DSB Niagara · 300 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 40% met the provincial standard
- Simcoe Street Public School0.5 km
Public · DSB Niagara · 285 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 56% met the provincial standard
- St Patrick Catholic Elementary School0.7 km
Catholic · Niagara CDSB · 185 students
Grade 3 reading: 100% met the provincial standard
Secondary
- Stamford Collegiate2.1 km
Public · DSB Niagara · 805 students
Grade 10 literacy: 80% met the provincial standard
- A N Myer Secondary School3.1 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
- 1,070
- Median days on market
- 31
- Sale-to-list price
- 96.2%
Based on 1,070 recorded sales of single family properties in Niagara Falls over the last 12 months.
Location
Street View
Mortgage Calculator
$131,800
Estimated Monthly Payment
$3,237
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,237/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $165/mo
Estimates only. Consult a financial advisor.
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