$399,900

For sale

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5170 Second Avenue, Niagara Falls (Cherrywood) - Single Family for Sale

5170 Second Avenue, Niagara Falls (Cherrywood), Ontario, L2E4J9

5440 Houck Drive, Niagara Falls (Cherrywood), Ontario, L2E1S1

3 bd1 ba2 pk900 ft²Lot size 50 × 92 ft (4,600 sq ft)

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

6117 ELIZABETH Street, Niagara Falls (Cherrywood), Ontario, L2E5Y4

For saleJust listed

Yesterday

$599K

6117 ELIZABETH Street, Niagara Falls (Cherrywood), Ontario, L2E5Y4

3 bd3 ba4 pk900 ft²Lot size 47 × 140 ft (6,608 sq ft)

Listed by MASTERSON REALTY LTD,BROKERAGE

5662 Morden Drive, Niagara Falls (Cherrywood), Ontario, L2E3C5

For sale

13 days ago

$850K

5662 Morden Drive, Niagara Falls (Cherrywood), Ontario, L2E3C5

5 bd3 ba5 pk900 ft²Lot size 50 × 139 ft (6,925 sq ft)

Listed by RE/MAX ESCARPMENT REALTY INC., BROKERAGE

4997 ARMOURY Street, Niagara Falls (Cherrywood), Ontario, L2E1T3

For salePrice drop

21 days ago

$400K$425K

↓ $25K (6%) price drop

4997 ARMOURY Street, Niagara Falls (Cherrywood), Ontario, L2E1T3

4 bd1 ba2 pk2,250 ft²Lot size 40 × 125 ft (5,000 sq ft)

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

Investment analysis

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$399,900

Niagara Falls

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4 beds5 baths4 parking2,250 ft²40 × 162 ft (6,512 sq ft) lot sizeListed 8 days ago

Overview

This 4-bedroom, 5-bathroom home in Niagara Falls is for sale offering roughly 2,250 sq ft of space. Listed at $399,900, it is attractively priced about 20% below the $499,900 median asking price in Niagara Falls. It has been on the market 8 days, fresher than the Niagara Falls average of 76 days.

Houses for Sale in Niagara Falls →All real estate in Niagara Falls →

Description

Looking for your next renovation project? This is an exceptional opportunity in a prime Niagara Falls location, just steps from Clifton Hill and the Falls.The spacious home features an open-concept main floor, three bedrooms, each with its own ensuite, plus a loft and an additional bathroom. The underpinned basement has a separate entrance and offers potential for an additional unit.Set on a 160-foot-deep lot, the property also includes an inground pool and a separate dwelling with a garage and additional living accommodations. With potential for three individual rental units, subject to approvals, this property offers an exciting opportunity for renovators, contractors and investors in one of Niagara's most recognizable locations. VTB available. (id:66096)

Property Details

MLS®: X14120904
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 5
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 40 × 162 ft (6,512 sq ft)
Frontage: 40 ft
Storeys: 2
Basement: Unfinished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Pool: Yes
Ownership: Freehold
Property Tax: $3,777/yr
Listed: 8 days ago

Rooms

Ground level

Great room: 5.45 x 3.57 meters
Kitchen: 4.45 x 3.4 meters
Bathroom: 1.4 x 1.96 meters

Second level

Bathroom: 2.49 x 1.83 meters
Bedroom: 3.58 x 2.95 meters
Bedroom 2: 3.71 x 3.68 meters
Primary Bedroom: 5.42 x 3.78 meters
Bathroom: 2.95 x 2.84 meters
Bathroom: 2.49 x 1.83 meters

Main level

Dining room: 3.4 x 4.04 meters

Third level

Loft: 3.61 x 3.91 meters

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

Features

Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Sump Pump

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Niagara Falls (Cherrywood) listings, avg age

76d

Price / ft²

$178

List price

$400K

Haho

This 4-bed single family in Niagara Falls (Cherrywood) has been listed for 8 days, which is 68 days fresher than the city average of 76. Act while there is still low competition.

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Listed by ROYAL LEPAGE NRC REALTY · Nick Louras

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2E)

This home lists at $399,900, about 6.6× the local median household income of $60,800.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 28% 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)

$399,900· $178/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$315/mo

Total monthly$2,421

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice