$399,900
5170 Second Avenue, Niagara Falls, ON L2E 4J9
Cherrywood
Listing courtesy of ROYAL LEPAGE NRC REALTY
Cherrywood · L2E 6B8
$489,000
$445 / sq ft1 months on market
Don't miss this chance to secure a flexible, income-generating property with room to expand. This property offers a unique opportunity for investors seeking rental income, workshop space, and long-term potential all within city limits. Close to Hwy, Hospital, Fall, Police Headquarters, this property is set on a large, private lot off Portage Road. , The house is partially hidden from the street offering a rare sense of seclusion. . A long private driveway provides access to multiple parking areas and a 24 x 24 insulated Quonset garage, ideal for storage, a workshop, or rental to tradespeople and small business operators. The home features: 3 bedrooms, 2.5 bathrooms, Open-concept main floor with living, dining, and kitchen. Main floor bedroom & powder room, Sunroom, mudroom, and rear deck. Hardwood flooring. The basement offers a separate entrance, a recreation room, 3-piece bathroom, laundry, and high ceilings providing potential for conversion to a secondary suite. Bonus Value: Currently tenanted, at $2250 with utilities paid by tenant, generating income from day one. The Quonset garage offers additional income potential as a rental workspace. Massive lot with fenced area, multiple parking spots, and room for equipment. Strategically located close to major highways, U.S. border, hospital, tourist attractions, and shopping, this property is ideal for a live/work setup or as part of an investment portfolio.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced in line with comparable listings — about 53% of comparable detached listings in Cherrywood are asking less.
Based on 30 comparable active detached listings in Cherrywood. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $489,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of QUANTUM TEAM REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
What similar homes in this area actually sold for.
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$399,900
Cherrywood
Listing courtesy of ROYAL LEPAGE NRC REALTY
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Listing courtesy of MICHAEL ST.JEAN REALTY INC.
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Listing courtesy of YOUR HOME SOLD GUARANTEED REALTY ELITE
$399,900
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Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE
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Listing courtesy of ROYAL LEPAGE NRC REALTY
$429,000
Cherrywood
Listing courtesy of HOMELIFE TOP STAR REALTY INC.