5915 Valley Way Rd
Niagara Falls, L2E 1X9
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BEDROOMS1
BATHROOMS1
KITCHENS4
ROOMSX3726003
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Property Description
7 Units (6 Units Two Bedrooms And 1 Unit One Bedroom) Building For Sale, 3 Story All Brick Building Close To Hospital And Church In A Great Rental Area Of Niagara Falls. Built In 1958 Has Lots Of Updates Over The Years: Gas Boiler , Windows, Both Roof Areas Replaced In 2013.All Units Have Separate Hydro Meters. All Units Fully Rent Out, Please Allow 48 Hours For Showing.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2020-06-24 | 2020-07-08 | 14 | $1,499,888 | $1,372,000 | Sold |
| 2020-03-16 | 2020-03-30 | 15 | $1,499,999 | - | Suspended |
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Property Details
Street
City
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
5000+
Lot Size
50' x 165'
Fronting
South
Taxes
$6,300 (2017)
Basement
None
Exterior
Brick
Heat Type
Baseboard
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
7
Driveway
Mutual
Garage Type
None
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5915 Valley Way Rd is a 2-bedroom 1-bathroom home listed for sale at $850,000, which is $350,800 (70.3%) higher than the average sold price of $499,200 in the last 30 days (March 26 - April 24). During the last 30 days the average sold price for a 2 bedroom home in Niagara Falls declined by $74,116 (12.9%) compared to the previous 30 day period (February 25 - March 25) and down $800 (0.2%) from the same time one year ago.Inventory Change
There were 7 2-bedroom homes listed in Niagara Falls over the last 30 days (March 26 - April 24), which is down 50.0% compared with the previous 30 day period (February 25 - March 25) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Niagara Falls typically sold ($25,300) (5.1%) below asking price over the last 30 days (March 26 - April 24), which represents a $7,050 decrease compared to the previous 30 day period (February 25 - March 25) and ($22,400) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Niagara Falls over the last 30 days (March 26 - April 24) stood at 142.9%, up from 42.9% over the previous 30 days (February 25 - March 25) and up from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Niagara Falls stood at 47 days when successfully sold over the last 30 days (March 26 - April 24), compared to 56 days before being removed from the market upon being suspended or terminated.Listing contracted with Master`S Trust Realty Inc., Brokerage
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