5473 Ontario Avenue Unit 5, Niagara Falls, ON
L2E 3S4
Listed August 20, 2026
About this property
Great opportunity to live in the heart of Niagara Falls. Spacious top floor, walk-up, RENT CONTROLLED, one bedroom apartment, clean with Brand New Kitchen, Appliances and updated paint throughout as well as brand new bathroom vanity and led lighted mirror. Great view overlooking the Niagara River. Walking distance to the Falls and all Niagara Falls has to offer including public transit. One car parking Heat and water included with on-site coin-op laundry. Cable and internet are tenants' responsibility. Rental application, two months income verification, current credit report with score required. First and Last months rent deposit due upon lease signing.
Property Details
Listing
Property
Location
Taxes & Financials
Carrying Costs Calculator
What it could cost each month to rent 5473 Ontario Avenue Unit 5 — rent, utilities, tenant insurance, internet and parking — plus the cash you’ll need to move in. Change any number to match your situation.
Rent
From the listing.
Utilities
Not clear from the listing — a typical bill. Ask the landlord.
The listing says the rent covers this.
The listing says the rent covers this.
Many Ontario homes rent their water heater — add it if the landlord passes it on.
Other monthly costs
Typical in Ontario — many landlords require it.
A typical plan in the area.
Add it if parking costs extra.
Coin laundry, a storage locker or other regular costs.
Moving in
Refundable when you return the keys — ask the landlord for the amount.
A typical local move with movers — less if friends help.
Account opening and installation fees.
Estimated monthly carrying cost
$1,640/mo
About $19,680 a year
- Rent$1,395
- $140
- Tenant insurance$30
- Internet$75
Included in the rent: Heat (gas), Water & sewer.
Cash needed to move in
- First month's rent
- $1,395
- Last month's rent deposit
- $1,395
- Key / fob depositRefundable
- $100
- Moving & set-upEstimate
- $1,000
- Total
- $3,890
Your first 12 months
- Rent and monthly costs12 months
- $19,680
- Moving & set-up
- $1,000
- Total
- $20,680
Deposits aren’t an extra cost: the last-month deposit pays your final month and the key deposit comes back when you return the keys.
Planning ahead
- Household income to keep rent + utilities at 30%CMHC's affordability guideline — landlords often use a similar test
- $62,000/yr
- Highest rent at your first renewalOntario's 2027 guideline (1.9%), once a year with 90 days' written notice. Units first lived in after November 15, 2018 aren't capped.
- $1,422/mo
Estimates only — not legal or financial advice. Deposits and rent increases follow Ontario’s Residential Tenancies Act; utilities, insurance, internet and moving costs are typical figures for the area. Confirm what the rent includes with the landlord before you sign.
Location & Walkability
5473 Ontario Avenue Unit 5, Niagara Falls, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: August 20, 2026
Listing Office: RE/MAX ESCARPMENT REALTY INC.
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