4587 Third Avenue, Niagara Falls

Price: $499,900

4 bedrooms, 3 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: X13528206

Welcome to 4587 Third Avenue, a spacious home offering exceptional flexibility for families, multi-generational living, or investors. Featuring four bedrooms, three full bathrooms, multiple living areas, and a second kitchen, this well-maintained property offers a functional layout with endless possibilities. Situated on a generous 41' x 150' lot, the home also features a detaches 1.5 car garage and a private backyard with plenty of space to relax, entertain, or garden. Lovingly cared for over the years, this home presents an excellent opportunity to update and personalize while taking advantage of its versatile layout and strong potential. Conveniently located close to schools, parks, shopping, public transit, and major amenities, this property is an excellent opportunity for homeowners and investors alike. Whether you're searching for extra space, in-law potential, or your next investment, 4587 Third Avenue is ready to welcome its next chapter.

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$499,900 - 4587 Third Avenue, Niagara Falls

Detached for Sale in Niagara Falls

48 days on market

Neighbourhood: 211 - Cherrywood

4Beds
3Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
X13528206
Property Type
Detached
Status
active
Days on Site
48
Bedrooms
4
Bathrooms
3
Square Feet
1,100 - 1,499 sqft
Neighbourhood
Niagara Falls
Listing Brokerage
MICHAEL ST.JEAN REALTY INC.
Description

Welcome to 4587 Third Avenue, a spacious home offering exceptional flexibility for families, multi-generational living, or investors. Featuring four bedrooms, three full bathrooms, multiple living areas, and a second kitchen, this well-maintained property offers a functional layout with endless possibilities. Situated on a generous 41' x 150' lot, the home also features a detaches 1.5 car garage and a private backyard with plenty of space to relax, entertain, or garden. Lovingly cared for over the years, this home presents an excellent opportunity to update and personalize while taking advantage of its versatile layout and strong potential. Conveniently located close to schools, parks, shopping, public transit, and major amenities, this property is an excellent opportunity for homeowners and investors alike. Whether you're searching for extra space, in-law potential, or your next investment, 4587 Third Avenue is ready to welcome its next chapter.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,564.75/mo

Includes CMHC insurance ($13,947)

$
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5%10%50%

5-yr fixed avg.

Principal: $449,910Interest: $305,567
Mortgage Amount$463,857
Total Interest$305,567
Est. Property Tax$354/mo
Total Cost$769,424

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: 211 - Cherrywood

Discover 211 - Cherrywood

211 - Cherrywood is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in 211 - Cherrywood

  • Convenient location in Niagara Falls
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

211 - Cherrywood offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

4587 Third Avenue, Niagara Falls

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
6.6%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$354
Insurance (est.)-$104
Net Cash Flow+$2,742

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $454/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Negotiation Opportunity

At 48 days on site, this property has exceeded the typical selling timeline for Niagara Falls. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Detached Home Advantages

Detached homes in Niagara Falls are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Niagara Falls. Good resale value as demand remains consistent.

Bathroom Count Matters

With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

About 211 - Cherrywood

I know 211 - Cherrywood well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    4587 Third Avenue, Niagara Falls | $499,900 | Battaglia Team