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211 - Cherrywood, Niagara Falls
$474,900
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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 100+ |
| Size | 1500-2000 sq. ft. |
| Property Tax | $2,086 |
| Lot Size | 35 ft x 150 ft |
| mls© Number | X13527904 |
| Listed By | CMI 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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