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New5 days ago

5315 Ontario Avenue

210 - Downtown, Niagara Falls

$649,900

Detached|1 1/2 Storey
3 | 2 | 6
About this home

Welcome to 5315 Ontario Avenue, Niagara Falls! Discover this beautifully renovated and charming 1.5-storey detached home, ideally situated just minutes from the Niagara River, scenic parks, and world-famous Niagara Falls attractions. Featuring a spacious covered front porch overlooking a tennis court and children's playground, this home offers the perfect combination of comfort, convenience, and investment potential. The bright, open-concept main floor boasts an inviting living and dining area, a modern kitchen with a center island offering seating for four, a generously sized bedroom, a 4-piece bathroom, and convenient main-floor laundry. Upstairs, enjoy a sun-filled, spacious primary bedroom and a versatile loft, perfect for a home office, study area, family room, or entertainment space. The newly renovated finished basement features a separate entrance, one bedroom, a 4-piece bathroom, a kitchen, a combined living and dining area, and a second laundry area, offering excellent potential for rental income or extended family living. Additional highlights include a detached double-car garage, parking for 4+ vehicles on the driveway, and a private backyard with no rear neighbors, backing onto the scenic Olympic Torch Run Trail. Conveniently located close to Clifton Hill, casinos, shopping, restaurants, parks, schools, and public transit just steps away. Whether you're a first-time homebuyer, growing family, or investor seeking additional income potential, this move-in-ready property offers incredible versatility and value. A fantastic opportunity in a prime Niagara Falls location! Don't miss it!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,585
Lot Size43 ft x 127.5 ft
mls© NumberX14083208
Listed ByRE/MAX REALTY SERVICES INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,326
Property tax
$299
Heat allowance
$150
Housing costs
$3,775 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $129,980
25-yr amortization

Income needed

$116,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$129,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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