$499,000
5145 Rice Crescent, Niagara Falls, ON L2E 4A1
Downtown
Downtown · L2E 2H2
$459,900
$307 / sq ft2 months on market
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$499,000
Downtown
Exceptional duplex in a prime Niagara Falls location! This well-maintained property offers an outstanding opportunity for investors or owner-occupants seeking rental income in one of the city's growing neighbourhoods.A standout feature is the fully separated utilities, including two gas meters, two electrical panels, two private laundry areas, 2013 furnaces and hot water tanks, allowing each tenant to pay their own utilities. The property also offers two rear parking spaces and a separate basement reserved for owner storage and the utility room.The main floor unit features two bedrooms, a bright eat-in kitchen, a four-piece bathroom, in-suite laundry, and carpet-free flooring throughout.The upper unit offers an expansive 1.5 storey layout with two spacious bedrooms, a full kitchen, separate dining room, large living room, a four-piece bathroom with in-suite laundry, and a convenient two-piece powder room on the third level. Ideally located within walking distance to the Niagara Falls University, GO Train Station, public transit, shopping, restaurants, and Niagara Falls' vibrant downtown core, this turnkey duplex combines strong rental appeal with low operating costs thanks to separately metered services and updated mechanicals. Whether you're expanding your investment portfolio or looking to live in one unit while generating rental income from the other, this is an exceptional opportunity in one of Niagara Falls' fastest-growing neighbourhoods.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced below most comparable listings — about 8% of comparable multiplex listings in Niagara Falls are asking less.
Based on 24 comparable active multiplex listings in Niagara Falls. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $459,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Listing courtesy of BOLDT REALTY INC., BROKERAGE
$499,900
Downtown
Listing courtesy of ROYAL LEPAGE NRC REALTY