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Price Change$875,000

5896 Valley Way

211 - Cherrywood, Niagara Falls

$839,000

Detached|Bungalow
3 | 3 | 9
About this home

Rarely does a property offer this much space, flexibility, and potential! Situated on an exceptional double lot, this spacious ranch-style bungalow offers tremendous possibilities both inside and out. The property is just 3 minutes to the highway, making commuting a breeze, and is conveniently located close to schools, and the hospital. The fully finished basement features a separate walkout entrance and a complete apartment, offering excellent potential for extended family, guests, a home office, or additional income. With its generous layout and separate access, this versatile space adds significant value and flexibility. The double lot is a standout feature, providing an abundance of room to enjoy the outdoors while offering exciting possibilities for future expansion, additional living space, outdoor amenities, gardens, workshops, or simply the luxury of having plenty of private property. Inside, the main level features a thoughtfully designed kitchen with plenty of built-in storage, a separate pantry closet, and granite countertops. The gorgeous four-season sunroom overlooks the beautifully treed and fully fenced private yard, creating a peaceful space to relax, entertain, and enjoy the changing seasons. Outside, the property continues to impress with a barn that requires some work but offers excellent potential for storage, a workshop, hobbies, or future possibilities. One of the single attached garages has been converted into a games room and was designed to be easily converted back to a garage if desired. Bring your vision and unlock the possibilities!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$5,156
Lot Size100 ft x 182.3 ft
mls© NumberX13650736
Listed ByFLYNN 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%
$4,294
Property tax
$430
Heat allowance
$150
Housing costs
$4,874 / mo

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

Down payment20% · $167,800
25-yr amortization

Income needed

$150,000

gross annual household income

Payment at 4%
$3,531 / mo
Cash down
$167,800

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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