4754 First Avenue
211 - Cherrywood, Niagara Falls
$299,900
Attention Investors and First Time Home Buyers! Located just minutes from Niagara Parkway, QEW, the Tourist District, and the USA border This newly renovated 4-bedroom, 2 bathroom home is in the heart of Niagara Falls, offering a prime opportunity for investors. Whether you are looking for a high-performing Airbnb or a long-term rental, this property is perfectly positioned to generate excellent income. The spacious basement has additional rental potential, giving you even more opportunities to maximize your returns. Plus, with commercial zoning, the possibilities are endless, live, rent of explore business opportunities. This property is zoned GC. Conveniently close to schools, community centres, shopping, and public transit, this property is ideal for those looking to invest in one of Niagara's most sought after locations. Don't miss out on this incredible opportunity.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $2,638 |
| Lot Size | 64.48 ft x 101.71 ft |
| mls© Number | X13636960 |
| Listed By | RE/MAX SKYWAY REALTY 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%
- $1,535
- Property tax
- $220
- Heat allowance
- $150
- Housing costs
- $1,905 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$59,000
gross annual household income
- Payment at 4%
- $1,262 / mo
- Cash down
- $59,980
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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