4591 HOMEWOOD AVENUE, Niagara Falls (Cherrywood)
$579,000
For sale: Multiplex
- Property type
- Triplex
- Bedrooms / bathrooms
- 6 bedrooms, 3 bathrooms
- Living area
- 1,500 sqft
- MLS®
- MLS® X13771472
- Neighbourhood
- 211 - Cherrywood
INVESTMENT OPPORTUNITY - TWO UNITS VACANT AS OF DECEMBER 1, 2026. This legal non-conforming triplex offers excellent flexibility and income potential, with the rear 1-bedroom unit currently vacant and the main-floor 2-bedroom unit becoming vacant December 1, 2026, allowing a new owner to establish two new tenancies.The main-floor 2-bedroom unit was renovated in 2023, while the lower-level 3-bedroom unit was renovated in 2020 and features large windows with plenty of natural light. The rear unit offers 1 bedroom and 1 bathroom. Additional highlights include an oversized 2-car garage with hydro, two separate hydro meters, a new roof completed in 2023, and an owned hot water tank.With two units available for occupancy as of December, this is a great opportunity for an investor looking to reposition the property and maximize its income potential.
Sold data
Homes in Cherrywood — recent sold market
Homes in Cherrywood took a median of 36 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 51, across 76 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.
The median sale price was $449,000.
Homes sold for about 3.6% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 33% of sellers reduced their price before finding a buyer.
- Median days to sell
- 36
- Median sale price
- $449,000
- Sale-to-list ratio
- 96.4%
- Sold above asking
- 13%
Based on 76 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Niagara Falls (Cherrywood)
Niagara Falls (Cherrywood) has 31 Fraser Institute–rated schools (26 elementary and 5 secondary), averaging 7.6/10.
- Rated schools
- 31
- Elementary
- 26
- Secondary
- 5
- Average rating
- 7.6 / 10
Top-rated schools in Niagara Falls (Cherrywood)
- Kate S Durdan — elementary, Niagara FallsFraser rating 10.0/10
- Father Hennepin — elementary, Niagara FallsFraser rating 9.9/10
- St Vincent de Paul — elementary, Niagara FallsFraser rating 9.9/10
- Orchard Park — elementary, Niagara FallsFraser rating 9.8/10
- Simcoe Street — elementary, Niagara FallsFraser rating 9.4/10
- Heximer Avenue — elementary, Niagara FallsFraser rating 9.3/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 4591 HOMEWOOD AVENUE
$549,000
Multiplex532,000–2,500 sqft31 PINE STREET N, 557 - Thorold Downtown, Thorold
$579,000
Multiplex632,000–2,500 sqft4865 ARMOURY STREET, 211 - Cherrywood, Niagara Falls
$475,000
Multiplex531,100–1,500 sqft4 MANCHESTER AVENUE, 452 - Haig, St. Catharines
$619,900
Multiplex631,500–2,000 sqft137 WELLINGTON STREET, 875 - Killaly East, Port Colborne
$579,777
Multiplex5+131,500–2,000 sqft4602 RYERSON CRESCENT, 210 - Downtown, Niagara Falls
$650,000
Multiplex442,000–2,500 sqft42 RIVERSIDE DRIVE, 772 - Broadway, Welland
$549,900
Multiplex531,100–1,500 sqft28 FIFTH STREET, 773 - Lincoln/Crowland, Welland
$569,900
Detached7+431,100–1,500 sqft59 PARKER STREET, 458 - Western Hill, St. Catharines