$379,900

For sale

4550 Homewood Avenue, Niagara Falls (Cherrywood) - Single Family for Sale

4550 Homewood Avenue, Niagara Falls (Cherrywood), Ontario, L2E4X8

2 beds1 bath4 parking1,300 ft²42 × 130 ft (5,447 sq ft) lot sizeListed 83 days ago

Overview

This 2-bedroom, 1-bathroom home in Niagara Falls is for sale offering roughly 1,300 sq ft of space. Listed at $379,900, it is attractively priced about 29% below the $533,500 median asking price in Niagara Falls.

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Description

Attention Investors & First-Time Buyers! Discover a spectacular, turn-key investment opportunity strategically located in a high-demand rental market. This fully upgraded home is completely move-in ready and features a sleek, newly renovated washroom, fresh paint throughout, modern pot lights, brand-new laminate flooring, and elegant ceramic tiles. The updated kitchen comes complete with a brand-new stainless steel stove, making it entirely worry-free. Perfect for student housing or commuters, this property boasts an unbeatable location just minutes from downtown Niagara Falls, the GO Train Station, the GO Bus Station, and the main transit terminal. Combined with a generous driveway that easily accommodates three vehicles, this high-yield property offers an incredible opportunity to maximize your portfolio or settle into a beautifully modernized home. Don't miss out on this phenomenal, must-see property-schedule your private viewing today! (id:66096)

Property Details

MLS®: X13679602
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 42 × 130 ft (5,447 sq ft)
Frontage: 42 ft
Storeys: 1
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $2,537/yr
Listed: 83 days ago

Rooms

Ground level

Kitchen: 2.83 x 2.87 meters
Bedroom: 5 x 2.84 meters
Dining room: 3.08 x 3.51 meters

Second level

Bedroom 2: 3.81 x 3.41 meters
Family room: 4.15 x 3.81 meters

Basement

Laundry room: 3.05 x 3.05 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Flooring: Laminate, Ceramic
Foundation: Block
Exterior: Aluminum siding, Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Septic System
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

83d

Niagara Falls (Cherrywood) listings, avg age

76d

Price / ft²

$292

List price

$380K

Haho

This 2-bed single family in Niagara Falls (Cherrywood) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by HOMELIFE SUPERSTARS REAL ESTATE LIMITED · Vicky Dhillon

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2E)

This home lists at $379,900, about 6.2× the local median household income of $60,800.

Carrying it typically needs a household income of about $74,208 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.

Median household income: $60,800
Population: 18,587
Median age: 46.4
Owner / renter: 61% / 39%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA L2E)

$379,900· $292/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,995

Min 5%50%

Mortgage payment$2,001/mo

↳ CMHC premium ($14,436 capitalized)

Property tax (est.)$211/mo

Total monthly$2,212

Cash Needed to Close

Down payment (5%)$18,995

Land transfer tax$4,174

Est. closing costs$3,640

Total cash needed$26,809

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