5245 Palmer Avenue, Niagara Falls, ON
Property no longer active
This property was sold on September 13, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of 210 - Downtown. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $529,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 50 x 57.6 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
ASSUMABLE MORTGAGE AT 1.94% !!! This Cash-Flowing Legal Duplex is situated in the heart of Downtown Niagara Falls! Minutes to Go-Station, the Niagara River, Clifton Hill and Casino Niagara. This turnkey investment features two above-grade units with hardwood flooring throughout. The main floor enjoys 3+1 bedrooms and full bath, and upper unit features 2 bedrooms and full bath. Separate hydro meters and entrance to the basement. 5 car paved parking. R2 zoning. Do not miss this opportunity to add this asset to your Niagara portfolio! Features Area Influences: School Bus Route
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Property Summary
This duplex located at 5245 Palmer Avenue, Niagara Falls is currently for sale and has been available on SousaSells for 729 days. This property is listed at $529,900 with an estimated mortgage of $1,764* per month. It has 4 beds, 2 bathrooms, and is 1100-1500 square feet. 5245 Palmer Avenue, Niagara Falls is in the 210 - Downtown neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Greenbelt/Conservation, Park, Public Transit, School Bus Route
Interior Features
None
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5245 Palmer Avenue, Niagara Falls, ON L2E 3T9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Niagara Falls, ON
For a property listed at $529,900 in Niagara Falls, the legal minimum down payment is $27,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,073 for this transaction. As this listing is in Niagara Falls (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,073.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.