Get $1,248 Cash Back
5145 RICE CRESCENT, Niagara Falls (Downtown) — listed at $499,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Strong investment opportunity with multiple income streams and excellent flexibility for investors or owner-occupants. This legal duplex features a spacious 2-bedroom main floor unit and a bright 1-bedroom upper unit, each with separate entrances. Additionally there is a lower-level living space with in-law potential offering separate entrance, kitchen, bathroom and two bedrooms. Coin laundry on site provides added revenue opportunity. Property offers parking for 3 vehicles and a low-maintenance backyard for tenant enjoyment. Centrally located in a convenient downtown area within walking distance to shopping, restaurants, amenities, and the Falls. Excellent opportunity to add value and maximize cash flow in a high-demand rental location. 24 hours notice required for all showings. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 6.55 x 4.15 meters |
| Kitchen | Basement | 3.96 x 3.75 meters |
| Living room | Basement | 2.71 x 5.52 meters |
| Kitchen | Main level | 3.29 x 2.99 meters |
| Bathroom | Basement | 2.13 x 1.52 meters |
| Bedroom | Basement | 3.29 x 3.96 meters |
| Bedroom 2 | Basement | 3.32 x 3.66 meters |
| Bathroom | Main level | 2.32 x 1.68 meters |
| Bedroom | Main level | 3.2 x 3.44 meters |
| Bedroom 2 | Main level | 3.11 x 3.41 meters |
| Bathroom | Main level | 1.13 x 2.32 meters |
| Kitchen | Second level | 2.47 x 2.83 meters |
| Living room | Second level | 5.95 x 4.7 meters |
| Bedroom | Second level | 3.08 x 4.79 meters |
| Bathroom | Second level | 2.29 x 2.44 meters |
Is this a good starter home?+
At $499,000, this is priced in starter-home territory for Niagara Falls (Downtown). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What's the parking situation?+
This property includes 3 spaces — No Garage.
Is 5145 RICE CRESCENT a good fit for a growing family?+
With 5 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,620, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Ask About This Property
Nearby Places
Searching nearby places…
Benchmark price · Updated 2026-09
Year over year
Past 10 years
Similar listings
For Sale204 days3
For Sale172 days27
For Sale179 days13
For Sale22 days29
The listing data above is provided under copyright by the Canadian Real Estate Association. While the information is considered reliable, its accuracy is not guaranteed by the Canadian Real Estate Association or getsetsold.ca. Neither getsetsold.ca nor its affiliates make any representations or warranties, express or implied, regarding the accuracy or completeness of the information presented here.