5857 MURRAY Street
Niagara Falls, ON
- 5 bed
- 2 bath
- approx. 1500-2000 sqft
- Detached
- 46 days on market
SPECTACULAR NIAGARA FALLS LEGAL DUPLEX WITH INCREDIBLE INCOME POTENTIAL! Welcome to this massive, fully upgraded legal duplex located on prestigious Murray Street in one of Niagara Falls' most desirable neighborhoods. Just a 10-minute walk to Niagara Falls, this exceptional property offers outstanding income potential for investors, Airbnb operators, or owner-occupiers. This property features a legal Accessory Dwelling Unit (ADU) and a City-approved Airbnb Business License, making it a rare turnkey investment opportunity. Unit 1 - Two-Storey Main Residence The spacious two-storey unit features: Main Floor: Elegant, oversized living room with a cozy fireplace; Separate formal dining room; Spacious kitchen; Convenient laundry room Second Floor: Three generous bedrooms; Beautifully updated full bathroom Recent Upgrades: New flooring (2024); Fresh paint (2026); Stainless steel appliances with gas stove; New laundry room (2026)Unit 2Legal Basement ADU (Built 2026)Separate Entrance newly constructed, fully legal basement suite featuring: 2 spacious bedrooms; Bright living room; Full bathroom; Modern kitchen with new appliances; New flooring and fresh paint; laundry facilities Outdoor Features Situated on an approximately 9,793 sq. ft. lot, the property offers an expansive backyard perfect for entertaining, relaxing, or future development. Enjoy two separate gazebos, creating ideal outdoor spaces for family gatherings or guests. The generous lot size may also offer the potential to construct a second Accessory Dwelling Unit (ADU),subject to City approvals and permits, providing an exciting opportunity to further increase rental income and maximize the property's investment potential. Major Capital Improvements* Complete electrical rewiring (2026)* New 200-amp electrical service* ESA Certificate (2026)
Listing Details
- Taxes (2026)
- $3,136
- Listed
- August 4, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Metal/Steel Siding, Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Sump Pump
- Lot Size
- 64 x 164 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Water
- Unknown
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Off Drummond
- Zoning
- R1E
- Parcel Number
- 643500098
- Possession
- Immediate
- Occupancy
- Owner
Included
- Inclusions
- DISHWASHER, DRYER, REFRIGERATOR, STOVE, WASHER
Schools
Elementary
- Father Hennepin Catholic Elementary School1.5 km
Catholic · Niagara CDSB · 310 students
Grade 3 reading: 100% met the provincial standard · Grade 6 math: 73% met the provincial standard
- Heximer Avenue Public School1.9 km
Public · DSB Niagara · 335 students
Grade 3 reading: 94% met the provincial standard · Grade 6 math: 84% met the provincial standard
- Valley Way Public School2 km
Public · DSB Niagara · 300 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 40% met the provincial standard
Secondary
- Stamford Collegiate1.7 km
Public · DSB Niagara · 805 students
Grade 10 literacy: 80% met the provincial standard
- Westlane Secondary School4.3 km
Public · DSB Niagara · 825 students
Grade 10 literacy: 87% met the provincial standard
- Saint Paul Catholic High School4.5 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 L2G
- Population
- 30,344
- Private dwellings
- 13,412
- Median age
- 44.8
- Average household size
- 2.4
- Median household income
- $69,000
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
Residential Freehold in Niagara Falls · last 12 months
- Median sold price
- $560,000
- Homes sold
- 1,069
- Median days on market
- 31
- Sale-to-list price
- 96.1%
Based on 1,069 recorded sales of residential freehold properties in Niagara Falls over the last 12 months.
Rooms
4-piece on Second, 3-piece on Lower
Second
- Bathroom
- Bedroom 212'6" x 10'2"
- Bedroom 312'3" x 8'2"
- Primary Bedroom13'6" x 11'6"
Main
- Dining Room11'9" x 10'6"
- Kitchen12'2" x 11'8"
- Living Room23'6" x 12'2"
Lower
- Bathroom
- Laundry10'7" x 7'
- Recreation14'6" x 14'
Listed by
RE/MAX REAL ESTATE CENTRE INC.
Walk Score
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Location
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Mortgage Calculator
$139,980
Estimated Monthly Payment
$3,438
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: $3,438/mo (20% down, 5.5%)
Taxes: $261/mo · Insurance: $175/mo
Estimates only. Consult a financial advisor.
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