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211 - Cherrywood, Niagara Falls
$575,000
Unique opportunity. Very well maintained brick bungalow with finished basement, currently used as a residential dwelling, yet features a General Commercial Zoning. Currently used as a Single Detached Dwelling. However, this zoning permits a wide variety of commercial uses and would be ideal for a home business or professional office. Wood trim, stained glass windows and features a very large master bedroom, bright kitchen, office, second bedroom and modern 3 piece bathroom. The basement has a comfortable open concept recreation room and also features a 1-3 piece bathroom and laundry area with potentially separate entrance if you're envisioning thoughts towards in-law suite. This home shares the amenities of the highly desirable Stamford Centre District and Cherrywood district of Niagara Falls and is just a few minutes' drive or walk to great neighbourhood plazas and restaurants. Quick access to the QEW.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $2,836 |
| Lot Size | 50 ft x 91.3 ft |
| mls© Number | X13030202 |
| Listed By | ROYAL LEPAGE NRC REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,943
- Property tax
- $236
- Heat allowance
- $150
- Housing costs
- $3,329 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$102,000
gross annual household income
- Payment at 4%
- $2,420 / mo
- Cash down
- $115,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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