6504 Monroe Street, Niagara Falls

Price: $420,000

2 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X13525050

Welcome to this charming 2-bedroom, 1-bathroom bungalow filled with opportunity and potential. Freshly painted in 2024, with updated bathroom finishes and new flooring, this home offers a bright, refreshed interior that is move-in ready while still allowing room to personalize and add value over time. The cozy yet functional layout provides flexibility for future expansion, whether you envision finishing the basement for additional living space or creating a potential third bedroom. Ideal for first-time buyers, downsizers, or investors, this property is a fantastic opportunity to build equity and make it your own. Nestled in a quiet, family-friendly neighbourhood, you'll enjoy convenient access to shopping, dining, schools, and all amenities, with Niagara Falls just a short drive away. Whether you're looking for a place to call home or a smart investment opportunity, this property offers exceptional value and endless possibilities.

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active
New Listing
1/31

$420,000 - 6504 Monroe Street, Niagara Falls

Detached for Sale in Niagara Falls

New — Listed yesterday

Neighbourhood: 216 - Dorchester

2Beds
1Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
X13525050
Property Type
Detached
Status
active
Days on Site
1
Bedrooms
2
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
Niagara Falls
Listing Brokerage
ROYAL LEPAGE NRC REALTY
Description

Welcome to this charming 2-bedroom, 1-bathroom bungalow filled with opportunity and potential. Freshly painted in 2024, with updated bathroom finishes and new flooring, this home offers a bright, refreshed interior that is move-in ready while still allowing room to personalize and add value over time. The cozy yet functional layout provides flexibility for future expansion, whether you envision finishing the basement for additional living space or creating a potential third bedroom. Ideal for first-time buyers, downsizers, or investors, this property is a fantastic opportunity to build equity and make it your own. Nestled in a quiet, family-friendly neighbourhood, you'll enjoy convenient access to shopping, dining, schools, and all amenities, with Niagara Falls just a short drive away. Whether you're looking for a place to call home or a smart investment opportunity, this property offers exceptional value and endless possibilities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,154.82/mo

Includes CMHC insurance ($11,718)

$
$
5%10%50%

5-yr fixed avg.

Principal: $378,000Interest: $256,727
Mortgage Amount$389,718
Total Interest$256,727
Est. Property Tax$298/mo
Total Cost$646,445

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: 216 - Dorchester

Discover 216 - Dorchester

216 - Dorchester 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 216 - Dorchester

  • 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

216 - Dorchester 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

6504 Monroe Street, Niagara Falls

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,400/mo
Range: $2,040 - $2,760
Cap Rate (ROI)
5.8%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,400
Maintenance Fees-$0
Property Tax (est.)-$298
Insurance (est.)-$88
Net Cash Flow+$2,014

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 $600/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Niagara Falls's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

About 216 - Dorchester

I know 216 - Dorchester 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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    6504 Monroe Street, Niagara Falls | $420,000 | Battaglia Team