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
Multiplex homes in Niagara Falls (Cherrywood) — recent sold market
Multiplex homes in Niagara Falls (Cherrywood) took a median of 35 days to sell over the last 730 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 60, across 34 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.
The median sale price was $530,000.
Homes sold for about 7.8% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
- Median days to sell
- 35
- Median sale price
- $530,000
- Sale-to-list ratio
- 92.2%
- Sold above asking
- 12%
Based on 34 recorded sales in the last 2 years — 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
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