




5548 Lewis Avenue, Niagara Falls, ON
L2G 3R7
Listed November 11, 2026
About this property
Welcome to 5548 Lewis Avenue, a unique opportunity for homeowners, investors and those looking to explore future development possibilities in an established Niagara Falls neighbourhood, just minutes from Clifton Hill, Casino Niagara, the Falls, restaurants, entertainment and the Rainbow Bridge. Situated on an impressive 50 x 138 ft lot, this two-storey home offers 3 bedrooms and 2 bathrooms, along with a generous property that provides plenty of room and flexibility. Recent improvements include fresh painting, updated flooring throughout the upper level and portions of the main floor, and a new energy efficient - Boiler heating system installed in February 2025 at a cost exceeding $11,000. One of the property's standout features is its rare access from both the front street and rear laneway , a significant advantage over many surrounding properties. With a street running behind the lot, this additional access may offer greater flexibility for parking, a secondary driveway, a potential accessory structure or future development possibilities. Adding to its appeal is its location directly across from the former Niagara Falls Memorial Arena site, which has since been cleared. While future plans for the site remain uncertain, the possibility of neighbourhood transformation adds another interesting dimension to this property. Currently identified as DTC (Deferred Tourist Commercial) zoning, the property offers buyers an opportunity to investigate permitted uses, potential rezoning and future redevelopment. With its substantial lot, dual street access, proximity to Niagara Falls' world-famous attractions and a well-maintained home, this property presents a unique combination of immediate usability and long-term potential. Whether you're searching for a comfortable home, an investment to hold for the future or a property with possibilities beyond its current use, 5548 Lewis Avenue deserves consideration.
Features
Property Details
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Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 5548 Lewis Avenue — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$125,000 · Minimum $37,500
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2026 tax bill).
Leave at $0 if there isn't one.
Typical for this kind of home.
Hydro, heating, water and sewer.
About 1% of the price a year, set aside.
One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$3,985/mo
About $47,820 a year
- $2,765
- $244
- Home insurance$125
- Utilities$330
- Maintenance & repairs$521
Cash needed to close
- Down payment (20%)
- $125,000
- Ontario land transfer tax
- $8,975
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $136,475
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
5548 Lewis Avenue, Niagara Falls, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: November 11, 2026
Listing Office: ROYAL LEPAGE NRC REALTY
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