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5687 Ferry Street, Niagara Falls, ON L2G 1S5

Land
$3,500,000

Attention Investors/Builders. Lot Is Located In Prime Location In Downtown Niagara Falls. Walking Distance To The Casinos, Restaurants All The Attractions In The Fallsview Tourist Area. Plans for 77 units, 105 Parking Spots and 40 Bicycle Parking spots. Site plan approval pending the deposit.

MLS number
X13142720
Type
Land
Status
Active
Bedrooms
Bathrooms
Postal code
L2G 1S5
Photos
4
Property tax
$16,351 / year
116days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Stamford Collegiate
DSB Niagara
Secondary784 m7.1 / 10
71% met the standard · 2 of 6 measures
Valley Way Public School
DSB Niagara
Elementary1.4 km6.5 / 10
65% met the standard
St Mary Catholic Elementary School
Niagara CDSB
Elementary1.6 km9.6 / 10
96% met the standard
Father Hennepin Catholic Elementary School
Niagara CDSB
Elementary1.8 km9.2 / 10
92% met the standard
Princess Margaret Public School
DSB Niagara
Elementary1.4 km7.8 / 10
78% met the standard
Heximer Avenue Public School
DSB Niagara
Elementary1.7 km9.0 / 10
90% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 660 people.

$49,200Median household income
37.8%Own their home
41.2%Detached houses
47.6Median age
23.7%Born outside Canada
16.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260075 — the few blocks around this address, home to 660 people. It describes the area, not this property.

660Population
48.6Average age
2.2Household size
$62,800Average household income
$49,200Median household income
38%Own their home
62%Rent
4%Condominiums
24%Born outside Canada
17%University degree
$450,000Average home value
10%Low income
69%Not in the labour force
35%Never married
$10,000 to $14,9992%
$15,000 to $19,9992%
$20,000 to $24,9997%
$25,000 to $29,9993%
$30,000 to $34,99910%
$35,000 to $39,9995%
$40,000 to $44,9998%
$45,000 to $49,9997%
$50,000 to $59,9997%
$60,000 to $69,9998%
$70,000 to $79,9997%
$80,000 to $89,9992%
$90,000 to $99,9993%
$100,000 and over15%
$100,000 to $124,9997%
$125,000 to $149,9995%
$150,000 to $199,9992%
$200,000 and over3%

Percentages are of the 305 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$700,000 · minimum here is $700,000
$15,497.24per month
Borrowed before insurance$2,800,000
Total borrowed$2,800,000
Interest over 25 years at 4.5%$1,849,173

If you rented it out

-$16,859.83per month out of pocket
Rent$0.00
Everything it costs to hold$16,859.83
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE. Listing data provided by the Toronto Regional Real Estate Board.