$679,900 - 8340 Racey Avenue, Niagara Falls
Detached for Sale in Niagara Falls
35 days on marketNeighbourhood: 213 - Ascot
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- MLS Number
- X13742532
- Property Type
- Detached
- Status
- active
- Days on Site
- 35
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Niagara Falls
- Taxes (2025)
- $5,389
- Listing Brokerage
- RE/MAX NIAGARA REALTY LTD, BROKERAGE
Welcome to this well-maintained 3+1 bedroom, 2 bathroom raised bungalow in a desirable Niagara Falls neighbourhood, now featuring brand-new shingles for added peace of mind!The bright and functional main floor features beautiful hardwood flooring, a spacious living area and a bright updated kitchen with granite countertops and a garden door leading to the entertainment-sized concrete patio-perfect for summer barbecues and outdoor gatherings.The fully finished lower level offers plenty of additional living space with a large family room and cozy gas fireplace, an additional bedroom and full updated bathroom, making it ideal for a growing family, guests or a home office.Outside, enjoy the convenience of an attached garage, concrete driveway, low-maintenance concrete patio and a spacious fenced backyard with plenty of room to relax and entertain.Ideally located close to schools, parks, shopping and major amenities, this move-in-ready home offers a great combination of space, comfort and value. With new shingles just installed, this is a fantastic opportunity to own a solid family home in a sought-after Niagara Falls neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$3,488.24/mo
Includes CMHC insurance ($18,969)
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 213 - Ascot
213 - Ascot 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 213 - Ascot
- •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
213 - Ascot 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.
8340 Racey Avenue, 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 $618/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 35 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.
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.
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 213 - Ascot
I know 213 - Ascot 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 $2,833 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.