13693 Niagara River Parkway, Niagara Falls

Price: $2,425,000

3 bedrooms, 3 bathrooms

5,000+ sqft

Property Type: Detached

MLS#: X13706082

Discover a property that offers far more than just a home - this remarkable approximately 2.2-acre property at the corner of Netherby Road and the Niagara River Parkway delivers incredible space, flexibility, and future potential. Enjoy panoramic views of the Niagara River and direct access to the Friendship Trail, all from a truly unique setting.The main residence offers a versatile layout to suit a variety of lifestyles. Currently enjoyed as a spacious single-family home, with 7 bedrooms, 3 bath, 2 kitchens, and sunroom. It also has the potential to be configured as a bachelor unit along with two separate three-bedroom living spaces, making it ideal for multigenerational living, extended family, or additional income opportunities.Inside, the home features two newly updated kitchen areas, renovated bathrooms, generously sized rooms, and a wood-burning fireplace that adds warmth and character. A standout feature is the impressive approximately 500 sq. ft. great room, offering exceptional space for entertaining or family gatherings. A large covered front porch is the perfect place to relax and enjoy the surrounding landscape and river views.A detached heated and air-conditioned office provides convenient year-round workspace. The property also includes a completely renovated second detached three-bedroom dwelling, offering excellent possibilities for extended family, guests, or rental income.Another distinctive feature is the heated greenhouse, originally built in 1901, adding historic character and even more potential.With multiple living spaces, a separate renovated dwelling, private office, greenhouse, Niagara River views, and direct trail access, the possibilities are extensive. There may also be potential to sever an additional lot, subject to municipal approval. A truly unique Niagara River property that must be experienced in person.

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$2,425,000 - 13693 Niagara River Parkway, Niagara Falls

Detached for Sale in Niagara Falls

47 days on market

Neighbourhood: 224 - Lyons Creek

3Beds
3Baths
5,000+Sq Ft
Detached

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Property Details
MLS Number
X13706082
Property Type
Detached
Status
active
Days on Site
47
Bedrooms
3
Bathrooms
3
Square Feet
5,000+ sqft
Neighbourhood
Niagara Falls
Lot Size
2 sqft
Taxes (2025)
$7,858
Listing Brokerage
RE/MAX NIAGARA REALTY LTD, BROKERAGE
Description

Discover a property that offers far more than just a home - this remarkable approximately 2.2-acre property at the corner of Netherby Road and the Niagara River Parkway delivers incredible space, flexibility, and future potential. Enjoy panoramic views of the Niagara River and direct access to the Friendship Trail, all from a truly unique setting.The main residence offers a versatile layout to suit a variety of lifestyles. Currently enjoyed as a spacious single-family home, with 7 bedrooms, 3 bath, 2 kitchens, and sunroom. It also has the potential to be configured as a bachelor unit along with two separate three-bedroom living spaces, making it ideal for multigenerational living, extended family, or additional income opportunities.Inside, the home features two newly updated kitchen areas, renovated bathrooms, generously sized rooms, and a wood-burning fireplace that adds warmth and character. A standout feature is the impressive approximately 500 sq. ft. great room, offering exceptional space for entertaining or family gatherings. A large covered front porch is the perfect place to relax and enjoy the surrounding landscape and river views.A detached heated and air-conditioned office provides convenient year-round workspace. The property also includes a completely renovated second detached three-bedroom dwelling, offering excellent possibilities for extended family, guests, or rental income.Another distinctive feature is the heated greenhouse, originally built in 1901, adding historic character and even more potential.With multiple living spaces, a separate renovated dwelling, private office, greenhouse, Niagara River views, and direct trail access, the possibilities are extensive. There may also be potential to sever an additional lot, subject to municipal approval. A truly unique Niagara River property that must be experienced in person.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$10,726.59/mo

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5-yr fixed avg.

Principal: $1,940,000Interest: $1,277,978
Mortgage Amount$1,940,000
Total Interest$1,277,978
Est. Property Tax$1,718/mo
Total Cost$3,217,978

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: 224 - Lyons Creek

Discover 224 - Lyons Creek

224 - Lyons Creek is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in 224 - Lyons Creek

  • •Convenient location in Niagara Falls
  • •Access to local shops and dining
  • •Good public transit connections
  • •Community parks and green spaces
  • •Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • •MiWay bus routes throughout the area
  • •GO Transit stations within driving distance
  • •Easy highway access to 401/403/QEW
  • •Walking distance to local amenities

Parks & Amenities

  • •Local parks and recreational facilities
  • •Community centres
  • •Shopping plazas nearby
  • •Restaurants and cafes

Lifestyle & Community

224 - Lyons Creek offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

13693 Niagara River Parkway, Niagara Falls

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,400/mo
Range: $3,740 - $5,060
Cap Rate (ROI)
1.1%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$4,400
Maintenance Fees-$0
Property Tax (est.)-$1,718
Insurance (est.)-$505
Net Cash Flow+$2,177

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $485/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Negotiation Opportunity

At 47 days on site, this property has exceeded the typical selling timeline for Niagara Falls. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Detached Home Advantages

Detached homes in Niagara Falls are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Larger Home Realities

At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

Bathroom Count Matters

With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

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    13693 Niagara River Parkway | $2,425,000 | Battaglia Team