$539,000 - 7370 Monastery Drive Unit 10, Niagara Falls
Condo for Sale in Niagara Falls
33 days on marketNeighbourhood: 208 - Mt. Carmel
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- MLS Number
- X13745216
- Property Type
- Condo
- Status
- active
- Days on Site
- 33
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Niagara Falls
- Taxes (2026)
- $3,795
- Maintenance Fees
- $505/mo
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- BOLDT REALTY INC., BROKERAGE
Welcome to Unit #10 at 7370 Monastery Drive, located in Victoria Meadows, a desirable condominium townhome community in the established Mount Carmel Estates neighbourhood of Niagara Falls. This quiet residential complex is designed for low-maintenance living, with exterior maintenance, lawn care and snow removal included, allowing you to enjoy a more carefree lifestyle. This thoughtfully designed bungaloft townhome offers comfortable and versatile living space throughout. The main level features an inviting living room with electric fireplace and dining area, along with a spacious kitchen offering plenty of cabinetry and a sliding door walkout to the rear deck and lovely patio area. The main-floor primary bedroom includes a walk-in closet and ensuite privilege to the 4-piece bathroom. Additional living space is found in the loft, ideal for a home office or sitting area. The finished lower level provides even more room to enjoy, featuring a comfortable recreation room with gas fireplace, spacious guest bedroom with loads of closet space, 3-piece bathroom with built-in linen closet, laundry room with sink and ample storage. Additional features include no rear neighbours, a covered front porch, asphalt driveway, attached single-car garage with inside entry and plenty of visitor parking. Ideally located near Montrose Road and Cardinal Drive, this community is close to shopping, dining and everyday conveniences, making Victoria Meadows an excellent choice for easy, low-maintenance living.
Estimate your monthly payments for this property
Estimated Payment
$2,765.35/mo
Includes CMHC insurance ($15,038)
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 208 - Mt. Carmel
208 - Mt. Carmel 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 208 - Mt. Carmel
- •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
208 - Mt. Carmel 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.
7370 Monastery Drive Unit 10, 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 $539/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 33 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $505/month fees should cover building insurance, common elements, and reserve contributions.
About 208 - Mt. Carmel
I know 208 - Mt. Carmel 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 $2,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.