5161-5163 River Road
Niagara Falls, ON
- 4 bed
- 2 bath
- approx. 3000-3500 sqft
- Duplex
- 2 days on market
SPECTACULAR NIAGARA RIVER DUPLEX WITH INCREDIBLE INCOME POTENTIAL! Situated on prestigious River Road, one of Niagara's most highly sought-after neighborhoods overlooking the majestic Niagara River, this massive, fully upgraded property offers an exceptional opportunity for savvy investors or owner-occupiers. The property features two expansive 1,300-square-foot units, each offering 2 spacious bedrooms, a beautifully updated bathroom, a bright sunroom, a kitchen, a formal dining room, and a living room complete with elegant French doors and gleaming hardwood floors. Both main and second-floor units boast individual full basements for ample storage, separate gas and hydro meters, and two owned hot water tanks. Capital improvements abound with a complete electrical rewiring in 2023 featuring pot lights throughout and hardwired smoke detectors, along with fully replaced windows and central air conditioning spanning all three floors. A detached double garage with concrete floors provides excellent parking or storage. Financially rewarding, the main floor currently generates $1,940 per month plus heat and hydro. The identical second-floor unit also commands $2,500 per month plus heat and hydro, and will be delivered vacant-perfect for an owner-occupant or an investor looking to set current market rents. Massive upside awaits in the 800-square-foot, partially finished third-floor loft. Already framed and plumbed for a kitchen, bathroom, and living area, this space offers an incredibly easy finish to create a separate third unit for traditional renting or a lucrative short-term Airbnb. Alternatively, it can be integrated into the second floor as a spectacular master suite with an ensuite bathroom, transforming the unit into a high-value three-bedroom apartment. Turnkey mechanics, premium location, and undeniable value-add potential make this River Road gem a rare find
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2026)
- $4,645
- Listed
- September 17, 2026
Price History
Property
- Style
- 3-Storey
- Construction
- Brick Veneer
- Roof
- Asphalt Shingle
- Foundation
- Block
- Interior
- Separate Hydro Meter, Separate Heating Controls
- Lot Size
- 50 x 151.74 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 2
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- OTTER
- Parcel Number
- 643420113
- Possession
- Flexible
- Occupancy
- Partial
Waterfront
- Water Body
- Niagara River
- Shoreline
- Other
- Docking
- None
Schools
Elementary
- Simcoe Street Public School0.7 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 School1.1 km
Catholic · Niagara CDSB · 185 students
Grade 3 reading: 100% met the provincial standard
- Valley Way Public School1.4 km
Public · DSB Niagara · 300 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 40% met the provincial standard
Secondary
- Stamford Collegiate2.9 km
Public · DSB Niagara · 805 students
Grade 10 literacy: 80% met the provincial standard
- A N Myer Secondary School4 km
Public · DSB Niagara · 1155 students
Grade 10 literacy: 89% met the provincial standard
- Saint Paul Catholic High School4.2 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
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.
Listed by
RE/MAX NIAGARA REALTY LTD, BROKERAGE
Walk Score
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Location
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Mortgage Calculator
$165,000
Estimated Monthly Payment
$4,053
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: $4,053/mo (20% down, 5.5%)
Taxes: $387/mo · Insurance: $206/mo
Estimates only. Consult a financial advisor.
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