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Listed 3 months ago

4824 Fourth Avenue

211 - Cherrywood, Niagara Falls

$474,900

Detached|2-Storey
5 | 3 | 2
About this home

Excellent Income Potential in Niagara Falls! Discover this expansive two-story residence situated on a quiet street in the heart of Niagara Falls. Boasting a versatile 5+2 bedroom and 3-bathroom layout, this home is perfect for large families or savvy investors. The main floor features a spacious kitchen, a formal dining room, and a bedroom, while the upper level offers four generously sized bedrooms and a 4-piece bath. The finished basement adds significant value with two additional bedrooms and a secondary living area. Step outside to a large backyard-an ideal setting for summer gatherings and outdoor activities. Located just a short distance from Maple Street Park, the world-famous Falls, and the vibrant tourist district, this home offers the perfect blend of space, comfort, and prime location

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Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$2,086
Lot Size35 ft x 150 ft
mls© NumberX13527904
Listed ByCMI REAL ESTATE INC.

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%
$2,431
Property tax
$174
Heat allowance
$150
Housing costs
$2,755 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $94,980
25-yr amortization

Income needed

$85,000

gross annual household income

Payment at 4%
$1,998 / mo
Cash down
$94,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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