$724,900 - 4859 Willmott Street, Niagara Falls
Multi-Family for Sale in Niagara Falls
Neighbourhood: 211 - Cherrywood
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- MLS Number
- X13757962
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 29
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Niagara Falls
- Taxes (2025)
- $2,652
- Listing Brokerage
- COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
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!
Estimate your monthly payments for this property
Estimated Payment
$3,719.11/mo
Includes CMHC insurance ($20,225)
5-yr fixed avg.
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.
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
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.
4859 Willmott Street, Niagara Falls
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $483/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.
Market Position
At 29 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.
Investment Perspective
Looking at this as an investment: Niagara Falls properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,020 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.