When they are older, I would do the Falls detour, then see a play at Niagra on the Lake or Stratford.
https://www.niagaraonthelake.com
http://www.stratfordfestival.ca
Most of the stuff to do in Niagara Falls tends to be pretty touristy, e.g., wax museum. Maid of the Mist boat ride might be fun for kids.