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Listed 2 months ago

5904 Prospect Street

215 - Hospital, Niagara Falls

$643,000

Detached|2-Storey
3 | 2 | 7
About this home

RARE 80' DOUBLE LOT | R5A ZONING | POOL | GARAGE | DEVELOPMENT POTENTIALExceptional opportunities like this are increasingly hard to find. Situated on a rare 80' x 147' double lot with desirable R5A zoning, 5904 Prospect Street offers the perfect combination of character, lifestyle, investment potential, and future redevelopment possibilities.This beautifully maintained century home features 3 bedrooms, 2 bathrooms, spacious principal rooms filled with natural light, and an updated kitchen complete with quartz countertops. Thoughtful improvements provide modern comfort while preserving the timeless character that makes century homes so appealing.Step outside to your own private backyard oasis featuring a swimming pool, hot tub, mature landscaping, and multiple entertaining areas designed for relaxing or hosting family and friends. A detached garage and parking for up to seven vehicles add exceptional convenience.What truly sets this property apart is its long-term potential. The expansive double lot and sought-after zoning create opportunities rarely available this close to Niagara Falls' vibrant core. Whether you're looking for a family home with room to grow, an income-generating investment, land for future development (subject to municipal approvals), or simply a property with exceptional appreciation potential, this offering checks every box.Ideally located just minutes from the Niagara Falls tourist district, GO Transit, shopping, restaurants, schools, parks, and major highways, this is a property that offers immediate enjoyment today while positioning you for tomorrow.A rare combination of land, location, lifestyle, and future opportunity-5904 Prospect Street is more than a home; it's an investment in what's next. Some interior photos virtually staged.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$3,813
Lot Size80 ft x 147.1 ft
mls© NumberX13568644
Listed ByEXP REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,291
Property tax
$318
Heat allowance
$150
Housing costs
$3,759 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $128,600
25-yr amortization

Income needed

$116,000

gross annual household income

Payment at 4%
$2,706 / mo
Cash down
$128,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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