$649,850 - 4271 Elgin Street, Niagara Falls
Detached for Sale in Niagara Falls
48 days on marketNeighbourhood: 210 - Downtown
- MLS Number
- X13526352
- Property Type
- Detached
- Status
- active
- Days on Site
- 48
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Niagara Falls
- Listing Brokerage
- ROYAL LEPAGE NRC REALTY
This house has the charm of a captivating beauty that just needs a touch of polish. The owner put it best saying this home is a pretty girl that just needs a little makeup. Homes like this are rare these days, especially one with such remarkable potential, situated so close to the allure of Niagara Falls and just a stroll away from the Niagara River and its many attractions. A glance down the street reveals the United States, adding to its appeal. It's a perfect fit for someone looking to create a backyard retreat around a stunning inground pool. The home boasts unique features, from its solid construction to its distinctive ceiling designs in the living room, and a striking family room filled with large windows and an impressive wood-burning fireplace. The upper level offers the flexibility to be transformed into two or three bedrooms with additional loft space, complemented by a spacious bathroom featuring a jacuzzi tub and body jet shower. This property is an ideal candidate for a VRBO or AirBNB opportunity for the right owner, though it's important for buyers to do their homework regarding licensing. The long-term owner is unable to maintain the size of the home anymore, making it a great chance for a new family or investor to add their own flair and enjoy a potentially wonderful home for years ahead. A detached two-car garage presents a bonus for those who enjoy working on vehicles. This unique opportunity awaits someone who is ready to embrace the potential of this special home in an incredible location near one of the world's natural wonders.
Estimate your monthly payments for this property
Estimated Payment
$3,334.07/mo
Includes CMHC insurance ($18,131)
5-yr fixed avg.
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.
Discover 210 - Downtown
210 - Downtown 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 210 - Downtown
- •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
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
210 - Downtown 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.
4271 Elgin Street, Niagara Falls
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $325/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 48 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.
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.
About 210 - Downtown
I know 210 - Downtown well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Niagara Falls properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.