Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

5904 Prospect Street, Niagara Falls, ON L2G 1G8

3 beds · 2 baths · 1 kitchen · 8+1 rooms · 7 parking spaces · 1100-1500 sq ft · Laundry on the lower level level · Detached
$643,000
Property tax
$3,813 / year

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.

MLS number
X13568644
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
L2G 1G8
Photos
44
Laundry
Lower Level level
60days · 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

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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
Secondary639 m7.1 / 10
71% met the standard · 2 of 6 measures
St Mary Catholic Elementary School
Niagara CDSB
Elementary1.2 km9.6 / 10
96% met the standard
Valley Way Public School
DSB Niagara
Elementary1.2 km6.5 / 10
65% met the standard
ÉÉC Saint-Antoine
CS catholique MonAvenir
Elementary1.5 km5.3 / 10
53% met the standard
École élémentaire LaMarsh
CS Viamonde
Elementary1.4 km5.7 / 10
57% met the standard
Princess Margaret Public School
DSB Niagara
Elementary1.5 km7.8 / 10
78% 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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Detached houses in Niagara Falls1,428 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$560k$603k$645k20252026this home’s asking price
$600klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
97%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d18d37d20252026
30dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in niagara falls. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 481 people.

$69,000Median household income
60.5%Own their home
78.4%Detached houses
39.2Median age
37.1%Born outside Canada
12.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260076 — the few blocks around this address, home to 481 people. It describes the area, not this property.

481Population
40.7Average age
2.6Household size
$63,600Average household income
$69,000Median household income
61%Own their home
40%Rent
11%Condominiums
37%Born outside Canada
13%University degree
$470,000Average home value
13%Low income
70%Not in the labour force
35%Never married
Under $5,0002%
$15,000 to $19,9992%
$25,000 to $29,9994%
$30,000 to $34,9992%
$35,000 to $39,9996%
$40,000 to $44,9994%
$45,000 to $49,9992%
$50,000 to $59,9996%
$60,000 to $69,9998%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over23%
$100,000 to $124,99910%
$125,000 to $149,9996%
$150,000 to $199,9994%

Percentages are of the 240 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.

$128,600 · minimum here is $39,300
$2,847.06per month
Borrowed before insurance$514,400
Total borrowed$514,400
Interest over 25 years at 4.5%$339,719

If you rented it out

-$3,164.81per month out of pocket
Rent$0.00
Everything it costs to hold$3,164.81
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 EXP REALTY. Listing data provided by the Toronto Regional Real Estate Board.