7470 Monastery Drive Unit 4, Niagara Falls

Price: $449,900

3 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: X13481400

Welcome to this well-maintained 3-bedroom, 1.5-bath condo townhouse located in the highly sought-after Mount Carmel neighbourhood-one of Niagara's most prestigious and family-friendly communities. This bright and inviting home offers a functional layout, a cozy living space, and a finished basement perfect for a recreation room, home office, or additional storage. Enjoy unbeatable convenience with Niagara Falls just 5-10 minutes away, Niagara College only 10minutes away, and quick access to major highways. Everyday essentials are right at your door step-grocery stores, shopping, restaurants, parks, and schools are all nearby, making this an ideal location for families, students, professionals, or investors.

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$449,900 - 7470 Monastery Drive Unit 4, Niagara Falls

Condo for Sale in Niagara Falls

Popular Listing

Neighbourhood: 208 - Mt. Carmel

3Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
X13481400
Property Type
Condo
Status
active
Days on Site
14
Bedrooms
3
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Niagara Falls
Locker
None
Exposure
South
Balcony
None
Listing Brokerage
CENTURY 21 GREEN REALTY INC.
Description

Welcome to this well-maintained 3-bedroom, 1.5-bath condo townhouse located in the highly sought-after Mount Carmel neighbourhood-one of Niagara's most prestigious and family-friendly communities. This bright and inviting home offers a functional layout, a cozy living space, and a finished basement perfect for a recreation room, home office, or additional storage. Enjoy unbeatable convenience with Niagara Falls just 5-10 minutes away, Niagara College only 10minutes away, and quick access to major highways. Everyday essentials are right at your door step-grocery stores, shopping, restaurants, parks, and schools are all nearby, making this an ideal location for families, students, professionals, or investors.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,308.22/mo

Includes CMHC insurance ($12,552)

$
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5%10%50%

5-yr fixed avg.

Principal: $404,910Interest: $275,004
Mortgage Amount$417,462
Total Interest$275,004
Est. Property Tax$319/mo
Total Cost$692,466

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: 208 - Mt. Carmel

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

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

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.

70
Walk Score
Varies
Price Range

7470 Monastery Drive Unit 4, Niagara Falls

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
4.5%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$650
Property Tax (est.)-$319
Insurance (est.)-$94
Net Cash Flow+$1,697

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 $450/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.

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. We'll want to verify the monthly fees and what they include.

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.

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.

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.

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    7470 Monastery Drive Unit 4, Niagara Falls | $449,900 | Battaglia Team