$724,900
For sale: Multiplex

Huge interior - it's bigger than it looks! This large 2.5 storey house was built in 1918 and has maintained it's unique character and charm. Presently arranged for an up/down duplex, but could easily be used as a single family dwelling, or family + in-law suite. Main floor has a large living room with wood burning fireplace, newer kitchen with rear dining room, and a large bedroom (or bonus family room). Basement features a brand new 5-piece bathroom - tub/shower combo and a walk-in shower, with classic subway tile. Plus a large storage/laundry room. Upper unit has a full eat-in kitchen, a 4-piece bathroom (with stacked laundry), a bedroom, and a living room (or could be a 3rd bedroom) - with a walk-out to an enclosed sunroom. Third level is the loft bedroom or family room with an ensuite 1-piece bathroom. Lots of unique potential for this home - perfect for a multi-generational family, a savvy first time home buyer, or someone looking to offset their bills with additional rental income. Easily convert this home back into a single family home (3 bedrooms, 2.5 bathrooms). This is one-of-a-kind property that could be very functional for the right buyer. Lots of updates - kitchen, bathrooms, windows, shingles, furnace, AC, and more. Come and take a tour of this beautiful home, and envision this as your next home!
Sold data
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.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.
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
Niagara Falls (Cherrywood) has 31 Fraser Institute–rated schools (26 elementary and 5 secondary), averaging 7.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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