5024 Stamford Street, Niagara Falls, ON
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Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of 211 - Cherrywood. Expertly crafted featuring premium aluminum siding and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $499,900 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 3 Bathrooms with 2 functional kitchens
- Premium 50 x 100 ft lot size
- 3.0 total parking spaces available
- Notable attributes: Water Heater
- equipped with window unit(s) central cooling and highly efficient radiant heating via gas
Description
Welcome to 5024 Stamford Street! Prime location nestled amidst lush greenery! Situated on a quiet cul-de- sac with direct access to a park, and just a 10-minute walk to Clifton Hill and Niagara Falls. The GO Bus is conveniently at the end of the street, providing easy commuting options. Endless possibilities in this home, it is versatile and spacious, perfect for multi-generational families or young adults seeking their own space. Bachelor apartment is open concept living at its finest. The middle workshop section offers the unique opportunity to remove the lower ceiling and reveal an existing cathedral ceiling, allowing for the creation of another large, open room. Plus, there's potential to add a third unit within the house, expanding its income- generating possibilities. This property offers fantastic income potential, whether you choose to live in one unit and rent out the other, or develop the property further to maximize returns! Whether you dream of a serene family retreat, or a cozy haven for tourists eager to explore Niagara Falls or a HIGHLY PROFITABLE RENTAL INVESTEMENT OPPORTUNITY WITH A POTENTIAL FOR 3 VACANT UNITS. It's current zoning is DUPLEX, NOT TENANTED, so you can set your own rents and choose your own tenants. Don't miss this great investment opportunity today!
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Pricing & Value Insights
Data-driven valuation for 5024 Stamford Street, Niagara Falls, ON L2E 1M3
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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 $499,900 in Niagara Falls, the legal minimum down payment is $24,995 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 $6,473 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 $6,473.
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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.
