$533,500
For sale: Detached

This detached bungalow offers incredible income potential and a fantastic opportunity to renovate and add major value. The main floor features a bright living room, kitchen, 3 bedrooms, and a full bath.The lower level boasts two self-contained suites, each with living area, kitchen, bedroom, and ensuite bath. While one unit is already occupied by excellent tenants willing to stay, the basement level requires some finishing renovations to maximize your rental income.The property also features a newer A/C, a large backyard, and parking for up to 4 cars. Fix it up, set your own rent, and watch your equity grow!Property sold "As Is". Seller and Listing Agent do not warrant the retrofit status of the basement.
Sold data
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.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.
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
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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