$429,000

For sale

5341 McRae Street North, Niagara Falls (Cherrywood) - Single Family for Sale

5341 McRae Street North, Niagara Falls (Cherrywood), Ontario, L2E1R3

4 beds2 baths4 parking1,300 ft²40 × 122 ft (4,872 sq ft) lot sizeListed 42 days ago

Overview

This 4-bedroom, 2-bathroom home in Niagara Falls is for sale offering roughly 1,300 sq ft of space. Listed at $429,000, it is attractively priced about 14% below the $499,900 median asking price in Niagara Falls. It has been on the market 42 days, fresher than the Niagara Falls average of 77 days.

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Description

**Great value in Niagara Falls!** This charming **3-bedroom detached 2-storey home** sits on a generous **40' x 121.8' lot** and offers approximately **1,200 sq. ft. of above-grade living space**, with **4-car driveway parking** and a large backyard. Fresh and move-in ready, the home features **new flooring, fresh paint, new kitchen cabinets, and a beautifully updated second-floor bathroom**. **Most windows were replaced in 2026**, adding further value and peace of mind. Three spacious bedrooms plus a **walk-up attic** provide plenty of room for family living, storage, a home office, or hobbies. The **large backyard features an in-ground pool that requires TLC/repairs**, offering an opportunity to bring it back to life and create your own private summer retreat. Located just **steps from a bus stop** and close to Stanley Avenue, Highway 420, shopping, restaurants, schools, and everyday amenities. **Detached 40' x 121.8' Lot 4-Car Parking 2026 Window Updates New Flooring Updated Bathroom Large Backyard In-Ground Pool**. **At $429,000, this is an opportunity to own a detached home with a generous lot and plenty of potential. Book your showing today!** (id:66096)

Property Details

MLS®: X13820752
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 40 × 122 ft (4,872 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: No Garage
Fireplace: Yes
Pool: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Kitchen: 2.74 x 2.69 meters
Living room: 7.42 x 3.25 meters
Dining room: 3.96 x 2.9 meters

Second level

Primary Bedroom: 3.28 x 3.23 meters
Bedroom 2: 3.28 x 3 meters
Bedroom 3: 2.64 x 2.13 meters
Bathroom: 2.44 x 1.93 meters

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Window Coverings
Flooring: Vinyl
Foundation: Poured Concrete
Exterior: Aluminum siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Niagara Falls (Cherrywood) listings, avg age

77d

Price / ft²

$330

List price

$429K

Haho

This 4-bed single family in Niagara Falls (Cherrywood) has been listed for 42 days, which is 35 days fresher than the city average of 77. Act while there is still low competition.

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Listed by HOMELIFE TOP STAR REALTY INC. · RAFIQ CHARANIYA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2E)

This home lists at $429,000, about 7.1× the local median household income of $60,800.

Carrying it typically needs a household income of about $83,799 (20% down, 25-yr amortization, stress-tested) — roughly 38% 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)

$429,000· $330/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,450

Min 5%50%

Mortgage payment$2,260/mo

↳ CMHC premium ($16,302 capitalized)

Property tax (est.)$238/mo

Total monthly$2,497

Cash Needed to Close

Down payment (5%)$21,450

Land transfer tax$5,055

Est. closing costs$3,787

Total cash needed$30,292

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