5161-5163 River Road, Niagara Falls, ON L2E 3G8
210 - Downtown, Niagara Falls · Near OTTER · View map
About this home
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 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 the opportunity to create a separate Additional Dwelling Unit (ADU) for rental income. Alternatively, it can be integrated into the second-floor apartment 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
The home
- Type
- Waterfront cottage
- Style
- 3-Storey
- Square footage
- 3000-3500 sq ft
- Bedrooms
- 4
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 12
- Basement
- Full, Separate Entrance
- Lot size
- 50 x 151.7 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick Veneer
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air, Wall Unit(s)
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 2
- Driveway spaces
- 4
- Total parking
- 6
Taxes & other
- Property taxes
- $4,645/yr
- Tax year
- 2026
- Occupancy
- Partial
- Possession
- T.B.A.
- Cross street
- OTTER
- Neighbourhood
- 210 - Downtown
More
- Price per sq ft
- ~$254 (at 3,250 sq ft)
- MLS® number
- X13800086
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The home and its surroundings
- Separate Hydro Meter
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
5161-5163 River Road, Niagara Falls, ON L2E 3G8
210 - Downtown, Niagara Falls · Near OTTER
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Listing history for 5161-5163 River Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Similar cottages nearby
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Frequently asked questions about 5161-5163 River Road
Answers come straight from this home’s MLS® listing.
How much is 5161-5163 River Road listed for, and what would it cost each month?
5161-5163 River Road is listed for $825,000. With 20% down ($165,000), the mortgage payment would be roughly $3,328 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,715 a month, all in. That figure is an illustration, not a quote.
Is 5161-5163 River Road freehold or a condo, and is there a monthly fee?
5161-5163 River Road is a waterfront cottage in 210 - Downtown, Niagara Falls. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 5161-5163 River Road have?
5161-5163 River Road has 4 bedrooms and 2 bathrooms. The listing gives the style as 3-storey.
Does 5161-5163 River Road have a garage and parking?
Yes. The listing shows the garage as detached, with room for 2 cars. The driveway adds 4 spaces. In total the listing counts 6 parking spaces.
Does 5161-5163 River Road have a finished basement?
The listing describes the basement as full, separate entrance. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 5161-5163 River Road?
5161-5163 River Road is a waterfront cottage. A waterfront cottage has its own shoreline on a lake, river or bay, so the frontage, the shoreline and the way it faces matter as much as the building.
How big is 5161-5163 River Road, and what is the lot size?
The listing puts the home between 3,000 and 3,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 50 x 151.7 ft.
How is 5161-5163 River Road heated and cooled?
Heating is forced air (gas). Cooling is central air, wall unit(s).
What are the property taxes for 5161-5163 River Road?
Property taxes are $4,645 a year (2026), or about $387 a month.
Where is 5161-5163 River Road?
5161-5163 River Road is in the 210 - Downtown community of Niagara Falls. The nearest main intersection is OTTER. The postal code is L2E 3G8.
Is 5161-5163 River Road still for sale?
Yes. It is an active listing (MLS® X13800086). Listings here update from the board through the day and come down once a home sells.
What are similar cottages near 5161-5163 River Road asking?
Similar cottages for sale nearby right now include 0 Niagara River Parkway at $849,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 5161-5163 River Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 5161-5163 River Road?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Courtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGE
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.