5315 Ontario Avenue, Niagara Falls

$649,900
5315 Ontario Avenue

$649,900

New
8d
Detached1 1/2 Storey

5315 Ontario Avenue, Niagara Falls

Total Monthly Obligation $3,295

Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
8d
Score
18
Yield
4.5%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Detached
MLS® Number-X14083208
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-43 × 127.5 ft
Listed on site-Oct 15, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$3,585.22 (2026)
Parking-6 - Detached
Basement-Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTY SERVICES INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-immediate
Neighbourhood-210 - Downtown
Title-Residential Freehold

No agent assigned

Welcome to 5315 Ontario Avenue, Niagara Falls! Discover this beautifully renovated and charming 1.5-storey detached home, ideally situated just minutes from the Niagara River, scenic parks, and world-famous Niagara Falls attractions. Featuring a spacious covered front porch overlooking a tennis court and children's playground, this home offers the perfect combination of comfort, convenience, and investment potential. The bright, open-concept main floor boasts an inviting living and dining area, a modern kitchen with a center island offering seating for four, a generously sized bedroom, a 4-piece bathroom, and convenient main-floor laundry. Upstairs, enjoy a sun-filled, spacious primary bedroom and a versatile loft, perfect for a home office, study area, family room, or entertainment space. The newly renovated finished basement features a separate entrance, one bedroom, a 4-piece bathroom, a kitchen, a combined living and dining area, and a second laundry area, offering excellent potential for rental income or extended family living. Additional highlights include a detached double-car garage, parking for 4+ vehicles on the driveway, and a private backyard with no rear neighbors, backing onto the scenic Olympic Torch Run Trail. Conveniently located close to Clifton Hill, casinos, shopping, restaurants, parks, schools, and public transit just steps away. Whether you're a first-time homebuyer, growing family, or investor seeking additional income potential, this move-in-ready property offers incredible versatility and value. A fantastic opportunity in a prime Niagara Falls location! Don't miss it!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$519,920
Land Transfer Taxes$9,473
Legal Fees (Est.)
$
Total cash required for closing$140,953

Total Monthly Obligation

$3,295/mo
Mortgage $2,622
Monthly Loss $2,605
Principal$690
Interest$1,932
Property Tax$299
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.3%1
5-Year IRR
8.3%25
10-Year IRR
9.3%
Returns Index
13.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$29,484/yr
NOI
$18,450/yr
Net Cash Flow
-$1,084/mo
Cash Margin
-44.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
24.4/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 5315 Ontario Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.