$533,500

For sale

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

2 days ago

$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

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

For sale

8 days ago

$400K

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

4 bd5 ba4 pk2,250 ft²Lot size 40 × 162 ft (6,512 sq ft)

Listed by ROYAL LEPAGE NRC REALTY

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

For sale

14 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

Investment analysis

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$533,500

Niagara Falls

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5974 Scott Street East, Niagara Falls (Cherrywood) - Single Family for Sale

5974 Scott Street East, Niagara Falls (Cherrywood), Ontario, L2E3B4

5 beds3 baths3 parking1,300 ft²50 × 110 ft (5,500 sq ft) lot sizeListed 48 days ago

Overview

This 5-bedroom, 3-bathroom home in Niagara Falls is for sale offering roughly 1,300 sq ft of space. It has been on the market 48 days, fresher than the Niagara Falls average of 76 days.

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

Description

This detached bungalow offers incredible income potential and a fantastic opportunity to renovate and add major value. The main floor features a bright living room, kitchen, 3 bedrooms, and a full bath.The lower level boasts two self-contained suites, each with living area, kitchen, bedroom, and ensuite bath. While one unit is already occupied by excellent tenants willing to stay, the basement level requires some finishing renovations to maximize your rental income.The property also features a newer A/C, a large backyard, and parking for up to 4 cars. Fix it up, set your own rent, and watch your equity grow!Property sold "As Is". Seller and Listing Agent do not warrant the retrofit status of the basement. (id:66096)

Property Details

MLS®: X13797030
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 3
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 50 × 110 ft (5,500 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $3,410/yr
Listed: 48 days ago

Rooms

Main level

Family room: 4.88 x 3.35 meters
Dining room: 3.35 x 3.05 meters
Bedroom: 3.05 x 3.35 meters
Bedroom 2: 3.66 x 3.35 meters
Bedroom 3: 3.05 x 3.05 meters

Basement

Living room: 3.05 x 3.66 meters
Bedroom: 3.35 x 3.05 meters
Bedroom 2: 3.35 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
Foundation: Unknown
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Niagara Falls (Cherrywood) listings, avg age

76d

Price / ft²

$410

List price

$534K

Haho

This 5-bed single family in Niagara Falls (Cherrywood) has been listed for 48 days, which is 28 days fresher than the city average of 76. Act while there is still low competition.

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Listed by REVEL Realty Inc., Brokerage · Emily Ye Fraser

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2E)

This home lists at $533,500, about 8.8× the local median household income of $60,800.

Carrying it typically needs a household income of about $104,211 (20% down, 25-yr amortization, stress-tested) — roughly 71% 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)

$533,500· $410/ft²

For sale

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Full Cost Breakdown

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Down Payment5.31% · $28,350

Min 5.31%50%

Mortgage payment$2,801/mo

↳ CMHC premium ($20,206 capitalized)

Property tax (est.)$284/mo

Total monthly$3,085

Cash Needed to Close

Down payment (5.31%)$28,350

Land transfer tax$7,145

Est. closing costs$4,101

Total cash needed$39,596

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