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Listed 27 days ago

5341 McRae Street N

211 - Cherrywood, Niagara Falls

$429,000

Detached|2 1/2 Storey
3 | 2 | 4
About this home

**Great value in Niagara Falls!** This charming **3-bedroom detached 2-storey home** sits on a generous **40' x 121.8' lot** and offers approximately **1,200 sq. ft. of above-grade living space**, with **4-car driveway parking** and a large backyard. Fresh and move-in ready, the home features **new flooring, fresh paint, new kitchen cabinets, and a beautifully updated second-floor bathroom**. **Most windows were replaced in 2026**, adding further value and peace of mind. Three spacious bedrooms plus a **walk-up attic** provide plenty of room for family living, storage, a home office, or hobbies. The **large backyard features an in-ground pool that requires TLC/repairs**, offering an opportunity to bring it back to life and create your own private summer retreat. Located just **steps from a bus stop** and close to Stanley Avenue, Highway 420, shopping, restaurants, schools, and everyday amenities. **Detached 40' x 121.8' Lot 4-Car Parking 2026 Window Updates New Flooring Updated Bathroom Large Backyard In-Ground Pool**. **At $429,000, this is an opportunity to own a detached home with a generous lot and plenty of potential. Book your showing today!**

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$2,851
Lot Size40 ft x 121.8 ft
mls© NumberX13820752
Listed ByHOMELIFE TOP STAR REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,196
Property tax
$238
Heat allowance
$150
Housing costs
$2,583 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $85,800
25-yr amortization

Income needed

$79,000

gross annual household income

Payment at 4%
$1,805 / mo
Cash down
$85,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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