Detached Home with Income Potential on a Large Lot near Lundy's Lane, Niagara Falls. Welcome to this well-located detached home offering an excellent combination of space, parking, and income potential. The property features two separate units on the main level, including a one-bedroom in-law suite with its own separate entrance and a tenant currently in place-an excellent opportunity for buyers seeking additional income or investors looking for added flexibility.The main residence offers a spacious living room, dining room, kitchen, and convenient two-piece powder room on the main level. The second floor features three generously sized bedrooms and a three-piece bathroom, providing comfortable living space for a family.Situated on a large lot with a generous backyard, the property also features two separate driveways, providing ample parking for residents and guests. The basement includes a separate entrance, offering additional flexibility and potential for future use. Conveniently located directly behind CIBC on Leonard Avenue off Lundys Lane with easy access to local amenities, services, shopping, and everyday conveniences.A versatile property offering generous living space, ample parking, a large lot, and income potential-ideal for homeowners, multi-generational living, or investors.
4 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $366 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 5821 Leonard Ave
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
4 spacesYes garage
Basement
Full
Features & systems
Parking & garage
Garage
Yes
Parking spaces
4
Interior
Basement
Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
5821 Leonard Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14125220$549,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 5821 Leonard Ave 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
$2,697
/mo
based on the purchase price of $549,000
$109,800 cash
$439,200 financed
$369,922 total interest
Principal54%$439,200
Interest46%$369,922
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.
For homeowners nearby
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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 3-bed homes for sale in Niagara Falls around $549K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings748Homes for sale here right now.
Median vs prior 90 days+4.4%Compared with May 1 – Jul 30, 2026: prices up.
Based on 440 sales from Jul 30 – Oct 28, 2026 (299 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 5821 Leonard Ave
How much is 5821 Leonard Ave listed for?
5821 Leonard Ave is listed at $549,000 (MLS® X14125220). Summitly updates the price as soon as the MLS® record changes.
Is $549,000 a good price for 5821 Leonard Ave?
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 5821 Leonard Ave changed?
No — 5821 Leonard Ave is still listed at its original asking price of $549,000.
How many bedrooms and bathrooms does 5821 Leonard Ave have?
5821 Leonard Ave has 4 bedrooms and 2 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Niagara Falls.
How much would the monthly mortgage be on 5821 Leonard Ave?
About $2,697 a month — principal and interest on $549,000 with 20% down ($109,800), 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 5821 Leonard Ave compare with other homes in Niagara Falls?
Its asking price of $549,000 is about 4% below the median sold price in Niagara Falls over the last 90 days, $569,250, across 440 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 5821 Leonard Ave been sold before?
Summitly has no earlier MLS® sale or lease of 5821 Leonard Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 5821 Leonard Ave?
5821 Leonard Ave is in Niagara Falls, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5821 Leonard Ave been on the market?
5821 Leonard Ave was listed today (October 28, 2026).
What is the price per square foot of 5821 Leonard Ave?
About $275 to $366 per square foot: the asking price of $549,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 5821 Leonard Ave have parking or a garage?
Yes — the listing gives 4 parking spaces. Garage: Yes.
Does 5821 Leonard Ave have a basement, and is it finished?
