Condos for Sale in Cherrywood, Niagara Falls, ON

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Neighbourhood in Niagara Falls

Cherrywood

family-friendly suburban community-oriented

Cherrywood is a quiet neighborhood in Niagara Falls. It offers a mix of residential homes and amenities for families.

Median home price is $533,500 Average rent price is $2,025 Four elementary schools available Seven parks and nine playgrounds Diverse community with 17.2% immigrants

At a glance

Photo of Unit 303, 4872 Valley Way
For Sale
Listed for:

Listed 18 days ago

$274,988

Unit 303, 4872 Valley Way

Niagara Falls (Cherrywood), ON L2E 1W3

1Bedroom
1Bathroom
1Parking
700-799Sq Ft

Condo ApartmentFor Sale

Day to dayLivability

6.5

Schools near listings

out of 10 · averaged over 78 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$533,500

11% below Niagara Falls 25% below Ontario

In Cherrywood

$533,500

In Niagara Falls

$599,999

In Ontario

$714,900

Median monthly rent

$2,025/mo

10% below Niagara Falls 19% below Ontario

In Cherrywood

$2,025

In Niagara Falls

$2,250

In Ontario

$2,500

≈ 22 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

46

Median $533,500

Houses 40 · Condos 6

For rent

18

Median $2,025

Houses 15 · Condos 3

Recently sold

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Recently leased

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Market data as of 2026-10-19. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

  • Affordable compared to city median prices
  • Family-friendly with many schools and parks
  • Good community services available
  • Majority of homes are single detached

Keep in mind

  • Limited public transit options
  • Higher renter strain compared to owners

The feel of the placeLifestyle

Daily life in Cherrywood is relaxed and family-oriented, with access to local schools and parks. Residents enjoy a suburban feel with a close-knit community.

Great for families first-time buyers those seeking a quiet lifestyle

Within the boundaryWhat's nearby

The boundary

3.6 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

7

Parks

9

Playgrounds

3

Restaurants

2

Cafés

1

Gyms

1

Pharmacies

Counted across all 3.6 km² of Cherrywood. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

6.6/10

Average rating of the 4 rated schools in this area

4

Elementary

  • St Mary Catholic Elementary School

    Catholic · Grades JK–8 · Niagara CDSB

    8.4/106.9 over 5 yrs

    209th of 3,045 Ontario elementary schools

    260 students · EQAO 2024-2025

  • St Patrick Catholic Elementary School

    Catholic · Grades JK–8 · Niagara CDSB

    8.0/105.7 over 5 yrs

    337th of 3,045 Ontario elementary schools

    185 students · EQAO 2024-2025

  • ÉÉC Saint-Antoine

    Independent · French · Grades JK–8 · CSC MonAvenir

    6.4/10

    1,300th of 3,045 Ontario elementary schools

    90 students · EQAO 2024-2025

  • Valley Way Public School

    Public · Grades JK–8 · DSB Niagara

    3.6/104.6 over 5 yrs

    2,707th of 3,045 Ontario elementary schools

    300 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Cherrywood, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

6,714

Population (2021)

3.7 km²

Area

1,810

People per km²

44.9

Median age

$61,983

Median income

59%

Own their home

2.2

People per household

3,080

Households

Every age

  • Children (under 15)12.8%
  • Working age (15–64)65.0%
  • Seniors (65+)22.2%

What is built here

  • Detached houses60.9%
  • Semi-detached2.3%
  • Townhouses2%
  • Duplexes10%
  • Low-rise apartments25.2%

Own or rent

59%Owners

41%Renters

Across 3,080 households

When it was built

Mostly 1960 or earlier

  • 1960 or earlier68%
  • 1961–198019%
  • 1981–19906%
  • 1991–20003%
  • 2001–20051%
  • 2006–20100%
  • 2011–20150%
  • 2016–20210%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

17.2%
Born outside Canada
14.1%
Hold a degree or higher
41.2%
Employment rate
0%
Commute by transit
92.2%
Commute by car
1.6
Children per family
$56,571
Median income after tax
$72,793
Average household income
15.1%
Living on a low income
$1,193/mo
Renters pay, per month
$1,101/mo
Owners pay, per month
$441,171
Median home value at census
35.2%
Renters spending 30%+ of income on housing
18.9%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 15 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry