7520 Splendour Drive
Niagara Falls, ON
- 5 bed
- 2 bath
- approx. 2000-2500 sqft
- Detached
- 17 days on market
Multigenerational Home & Investment OpportunityThis versatile property functions as three self-contained units, each with its own kitchen, laundry, and private entrance-ideal for extended families seeking privacy under one roof, with the flexibility to be used as a single-family home. The layout offers a 1-bedroom unit on the main floor, a 2-bedroom unit on the upper level, and a 1-bedroom unit in the basement.With a potential rental income of $5,700 per month, the property covers most of the mortgage, and income from just two units can offset the full payment-an excellent opportunity for first-time and experienced investors alike. Located in one of the area's strongest rental markets, it offers convenient access to shopping, schools, movie theaters, Walmart, and major highways, ensuring steady tenant demand.
Listing Details
- Taxes (2025)
- $6,800
- Originally Listed
- $1,149,000
- Listed
- September 3, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- New
- Construction
- Brick, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Carpet Free
- Lot Size
- 33.9 x 103 Feet
Parking
- Garage
- Attached
- Covered Spaces
- 2
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Kalar Road and McLeod Road
- Parcel Number
- 642631743
- Possession
- Immediate
- Occupancy
- Tenant
Schools
Elementary
- Thundering Heights Public School0.2 km
Public · DSB Niagara
- Loretto Catholic Elementary School0.9 km
Catholic · Niagara CDSB · 400 students
Grade 3 reading: 84% met the provincial standard · Grade 6 math: 78% met the provincial standard
- Kate S Durdan Public School0.9 km
Public · DSB Niagara · 480 students
Grade 3 reading: 91% met the provincial standard · Grade 6 math: 89% met the provincial standard
Secondary
- Saint Michael Catholic High School0.5 km
Catholic · Niagara CDSB · 1190 students
Grade 10 literacy: 88% met the provincial standard
- Westlane Secondary School2.3 km
Public · DSB Niagara · 825 students
Grade 10 literacy: 87% met the provincial standard
- Stamford Collegiate4.1 km
Public · DSB Niagara · 805 students
Grade 10 literacy: 80% 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 L2H
- Population
- 29,820
- Private dwellings
- 10,594
- Median age
- 42
- Average household size
- 2.8
- Median household income
- $91,000
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
- 1,068
- Median days on market
- 31
- Sale-to-list price
- 96.1%
Based on 1,068 recorded sales of residential freehold properties in Niagara Falls over the last 12 months.
Rooms
4-piece, 4-piece
Second
- Bedroom 216'5" x 12'2"
- Bedroom 313'7" x 9'10"
- Dining Room15'2" x 14'10"
- Kitchen12'5" x 13'
- Living Room15'2" x 14'10"
Main
- Dining Room13' x 20'4"
- Kitchen15'10" x 8'2"
- Living Room13' x 20'4"
- Primary Bedroom11'11" x 10'10"
Basement
- Bedroom 432'10" x 32'10"
- Bedroom 532'10" x 8'
- Kitchen
Listed by
SERIK REALTY INC
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$200,000
Estimated Monthly Payment
$4,913
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: $4,913/mo (20% down, 5.5%)
Taxes: $567/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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