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Investment signal

$629,000

5291 STAMFORD STREET

Beds

6

Baths

4

Sqft

Year

Location

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About this home

Welcome to 5291 Stamford, located just 10 minutes' walk from The Falls. This property features 3+1+1 bedrooms, 4 full bathrooms, 2 kitchens, and 2 laundries. This home is suitable for every kind of Buyer (single or multi-family, investors, or first-time home buyers); presently, the home has 3 independent units but is set up to convert back to single or dual family with no effort whatsoever! The entire house was completely renovated in 2021 including plumbing, electrical, flooring, walls, and everything in between, so it won't need any repairs for years to come! Some mentionable features include: three kitchens including granite countertops and three sets of appliances, laundry in both the main level and the basement, having new electrical upgraded to 220 amps, a large fenced in yard with a new deck and two sheds, a total of just over 2200 square feet of livable space including the finished basement, new roofing, and new AC with transferable warranty! While vacant possession is available. Mainfloor and basement tenant will move out at the end of May. Upstairs unit currently rent $1000. Can stay or move out. (id:65958)

Subtype
Single Family
Structure
House
Community
211 - Cherrywood
Common interest
Freehold
Lot dimensions
35 x 120 FT
Bedrooms
5 above grade, 1 below grade
Parking
3 total
Stories
2
On market
Nov 22, 2025
Status changed
Apr 19, 2026
Annual tax
$3,262 (2025)
Photos
31
MLS#
X12568638
Area
NIAGARA_FALLS_(CHERRYWOOD)

Features and systems

Parking

Detached GarageGarage

Basement

FullSeparate entrance

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Block

Lot

Carpet Free

Community

School Bus

Utilities

SewerElectricityCable
Negative cash flow ~$1,107/mo at these assumptions

Cash on cash

-10.56%

Cap rate

3.78%

GRM

15.9

Break-even rent

$4,465

Financing

Down payment$125,800
Loan amount$503,200
Mortgage$3,087/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$288
Insurance$80
Maintenance$524
CapEx reserve$262
Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Niagara Falls (Cherrywood). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,087/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 19, 2026.

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