Strong investment opportunity with multiple income streams and excellent flexibility for investors or owner-occupants. This legal duplex features a spacious 2-bedroom main floor unit and a bright 1-bedroom upper unit, each with separate entrances. Additionally there is a lower-level living space with in-law potential offering separate entrance, kitchen, bathroom and two bedrooms. Coin laundry on site provides added revenue opportunity. Property offers parking for 3 vehicles and a low-maintenance backyard for tenant enjoyment. Centrally located in a convenient downtown area within walking distance to shopping, restaurants, amenities, and the Falls. Excellent opportunity to add value and maximize cash flow in a high-demand rental location. 24 hours notice required for all showings.
3 bedrooms, 4 bathrooms, about 1,100 sq ft, works out to roughly $454 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this duplex fits your budget and timing.
Inside 5145 Rice Cres
Every detail from the listing, in one place.
Type
Duplex
Style
2-Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
3 spaces
Basement
Separate Entrance, Finished
Features & systems
Parking & garage
Parking spaces
3
Interior
Basement
Separate Entrance · Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Duplex
5145 Rice Cres Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13720124$499,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 5145 Rice Cres Compares to the Niagara Falls Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,451
/mo
based on the purchase price of $499,000
$99,800 cash
$399,200 financed
$336,231 total interest
Principal54%$399,200
Interest46%$336,231
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Niagara Falls
Other 4–6 bed homes for sale in Niagara Falls around $499K.
Average days on market43Homes sold in about 43 days on average.
Sale-to-list ratio96.6%On average, homes sold below asking.
Active listings757Homes for sale here right now.
Median vs prior 90 days+6.0%Compared with Apr 17 – Jul 16, 2026: prices up.
Based on 445 sales from Jul 16 – Oct 14, 2026 (287 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
5145 Rice Cres is listed at $499,000 (MLS® X13720124). Summitly updates the price as soon as the MLS® record changes.
Is $499,000 a good price for 5145 Rice Cres?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Niagara Falls. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 5145 Rice Cres changed?
No — 5145 Rice Cres is still listed at its original asking price of $499,000.
How many bedrooms and bathrooms does 5145 Rice Cres have?
5145 Rice Cres has 3 bedrooms and 4 bathrooms, with about 1,100–1,500 square feet of living space. It is a duplex in Niagara Falls.
Is 5145 Rice Cres close to transit?
The nearest rapid-transit station is Niagara Falls GO Station (Lakeshore West GO), about 1.2 km (about a 15-minute walk) in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 5145 Rice Cres?
About $2,451 a month — principal and interest on $499,000 with 20% down ($99,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 5145 Rice Cres compare with other homes in Niagara Falls?
Its asking price of $499,000 is about 13% below the median sold price in Niagara Falls over the last 90 days, $572,500, across 445 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 5145 Rice Cres been sold before?
Summitly has no earlier MLS® sale or lease of 5145 Rice Cres on record from the last two years. Older records aren't shown under TRREB rules.
Where is 5145 Rice Cres?
5145 Rice Cres is in Niagara Falls, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5145 Rice Cres been on the market?
48 days — 5145 Rice Cres was listed on August 27, 2026.
What is the price per square foot of 5145 Rice Cres?
About $333 to $454 per square foot: the asking price of $499,000 over the 1,100–1,500 sq ft the listing gives as its size range.
