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Listed 2 months ago

5246 Marcel Crescent

212 - Morrison, Niagara Falls

$1,279,000

Detached|2-Storey
4 | 4 | 8
About this home

Rarely does a home combine executive elegance, resort style outdoor living, and exceptional multigenerational flexibility so effortlessly. Set on a quiet cul-de-sac on a premium pie shaped lot backing onto a park with no rear neighbours, this extensively updated executive home offers over 4,500 sq. ft. of finished living space designed for the way families live, gather, and entertain. The dramatic 21 foot foyer and living room, framed by oversized windows, create an unforgettable first impression, while heated porcelain tile floors, 9 foot ceilings on both the main and second levels, and quality finishes reflect the home's extensive updates. At the heart of the home is a beautifully appointed custom kitchen with abundant cabinetry, a spectacular island, and an open concept design overlooking the family room with a gas fireplace and formal dining room. A main floor bedroom offers flexibility for guests, a home office, or multigenerational living. Upstairs, the spacious primary retreat features hand scraped hardwood flooring, a gas fireplace, walk in closet, and a renovated 6 piece spa inspired ensuite. Two additional bedrooms share an updated bathroom. The fully finished walk up basement is ideal for an in law suite with a second kitchen, spacious recreation room with a two sided gas fireplace, home gym, updated bathroom, and walk up access to the backyard. Outside, mature gardens surround your private retreat featuring a heated inground pool, pergola covered patio, and peaceful outdoor spaces designed for relaxing and entertaining. Extensively enhanced with many significant improvements completed over the past year, including stucco, coloured concrete driveway, new front and garage doors, renovated bathrooms, updated windows, upgraded pool equipment, heated floors, and numerous additional enhancements. Ideally located minutes to shopping, schools, golf, and convenient highway access.

Extras

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$8,867
Lot Size39.22 ft x 109.05 ft
mls© NumberX13629668
Listed ByCOLDWELL BANKER MOMENTUM REALTY, BROKERAGE

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%
$6,547
Property tax
$739
Heat allowance
$150
Housing costs
$7,435 / mo

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

Down payment20% · $255,800
25-yr amortization

Income needed

$229,000

gross annual household income

Payment at 4%
$5,382 / mo
Cash down
$255,800

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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