5857 MURRAY Street, Niagara Falls, ON L2G 2J9

$699,900
5
BD
2
BA
1,500
SqFt

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List Price
$699,900
MLS#
X13633610
Status
ACTIVE
Type
Single Family Residential
SubType
Detached
Style
2-Storey
Bedrooms
5
Bathrooms
2
Living Area
1500-2000
Province
ON
Municipality
Niagara Falls
Area
Niagara
Neighborhood
216 - Dorchester
Subdivision
Off Drummond

Property Description

SPECTACULAR NIAGARA FALLS LEGAL DUPLEX WITH INCREDIBLE INCOME POTENTIAL! Welcome to this massive, fully upgraded legal duplex located on prestigious Murray Street in one of Niagara Falls' most desirable neighborhoods. Just a 10-minute walk to Niagara Falls, this exceptional property offers outstanding income potential for investors, Airbnb operators, or owner-occupiers. This property features a legal Accessory Dwelling Unit (ADU) and a City-approved Airbnb Business License, making it a rare turnkey investment opportunity. Unit 1 - Two-Storey Main Residence The spacious two-storey unit features: Main Floor: Elegant, oversized living room with a cozy fireplace; Separate formal dining room; Spacious kitchen; Convenient laundry room Second Floor: Three generous bedrooms; Beautifully updated full bathroom Recent Upgrades: New flooring (2024); Fresh paint (2026); Stainless steel appliances with gas stove; New laundry room (2026)Unit 2Legal Basement ADU (Built 2026)Separate Entrance newly constructed, fully legal basement suite featuring: 2 spacious bedrooms; Bright living room; Full bathroom; Modern kitchen with new appliances; New flooring and fresh paint; laundry facilities Outdoor Features Situated on an approximately 9,793 sq. ft. lot, the property offers an expansive backyard perfect for entertaining, relaxing, or future development. Enjoy two separate gazebos, creating ideal outdoor spaces for family gatherings or guests. The generous lot size may also offer the potential to construct a second Accessory Dwelling Unit (ADU),subject to City approvals and permits, providing an exciting opportunity to further increase rental income and maximize the property's investment potential. Major Capital Improvements* Complete electrical rewiring (2026)* New 200-amp electrical service* ESA Certificate (2026)

Additional Information

Taxes
$3,136
Water
Unknown
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Kitchens
2
Exterior
Metal/Steel Siding, Aluminum Siding
Waterfront Type
None
Garage Type
None
Pool
None
Parking Spaces
4

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Calculator source: Real Geeks

Listing courtesy of RE/MAX REAL ESTATE CENTRE INC..