
5214 Third Avenue
Niagara Falls (Cherrywood), ON L2E 4M4
- 5Bedrooms
- 3Bathrooms
- 2Garage
- 3500–5000Sq Ft
- $4,967Tax
- 70×125 ftLot Size
- Estimated Value:$834,000See Free Estimate Report

Sale & Price History for 5214 Third Avenue, Niagara Falls, Cherrywood
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 5214 Third Avenue, Niagara Falls, Cherrywood
Summarized Description
- Spacious 4,000 sq ft residence on corner lot
- Detached two-car garage and ample parking
- Gourmet kitchen and sun-drenched sunroom
- Five bedrooms and three bathrooms for family living
- Private study room and dedicated office space
- Open-concept loft for versatile use
- Future lot severance and fourplex potential
Welcome to 5214 Third Avenue! This magnificent 4, 000-square-foot residence sits proudly on an impressive 125' x 70' corner lot, offering unparalleled curb appeal, expansive outdoor space, and three levels of sophisticated family living. The exterior features a rare, massive parking setup, including a detached two-car garage for secure storage and a large private driveway that easily accommodates six additional vehicles. The main floor is a masterclass in functional design, centered around a grand living area that serves as the perfect heart of the home for large family gatherings. A gourmet kitchen flows seamlessly into the dining room for effortless hosting, while a sun-drenched sunroom provides a serene sanctuary looking out over your massive yard. This main level also includes a private study room, ideal for professionals working from home, and a highly coveted mudroom transition space to keep the busy household organized. The upper levels offer unmatched privacy and layout flexibility. The second floor serves as a dedicated family retreat featuring four generous, bright bedrooms with excellent closet storage and two well-appointed full washrooms. Ascending to the private third-floor retreat, you will find an incredible bonus level complete with an open-concept loft-perfect for a media room or kids' play area-and a fifth private bedroom featuring its own attached washroom. With five bedrooms, three bathrooms, a dedicated office, and rare parking capacity, this corner-lot property is an exceptional find. This premium property is a goldmine for savvy investors, builders, and developers, boasting incredible fourplex conversion potential alongside the rare opportunity for a future lot severance. Buyers are to do their own due diligence regarding severance possibilities.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,967
- Land Transfer Tax Fee
- $10,375
Rental Items
- Rental Equipment
- Hot water Tank
- Basement Type
- Unfinished
Interior Features
- Interior Extras
- Storage
- Fireplace/Stove
- Yes
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Detached
- Building Style
- 2 1/2 Storey
Construction
- Exterior Finish
- Stucco (Plaster)
- Roof
- Shingles
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 70.00 ft
- Lot Depth
- 124.70 ft
Inclusions
- Inclusions
- All Light Fixtures, washers, fridge, Electric Stove
Exclusions
- Exclusions
- None
Parking & Garages
- Garage Type
- Detached
- Garage Spaces
- 2
- Parking Spaces
- 6
- Total Garage And Parking Spaces
- 8
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Radiant
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 5
- Washrooms
- 3
- Kitchens
- 1
Washrooms
- 3-piece, Second
- 3-piece, Second
- 3-piece, Third
- Municipality
- Niagara Falls
- Neighbourhood
- Cherrywood
- Main cross streets
- Victoria Ave & Falls Ave
- Zoning
- R2
- Directions
- Victoria Ave & Falls Ave
- MLS® number
- X13577046
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-07-17
- Updated on
- 2026-09-23
- Days on market
- 90 days
- Possession type
- Flexible
- Co-op commission
- 2%-$50 Marketing fees + HST
- Seller
- Listed by
- HOMELIFE/MIRACLE REALTY LTD
Home Market Value
Current home valuation for 5214 Third Avenue, Niagara Falls, Cherrywood, Niagara Falls, ON. Listed for $695,000
HOMEH Estimate
$834,000
Estimated Sales Range
$500,400 - $1,167,600
HOMEH Estimate for 5214 Third Avenue, Niagara Falls, Cherrywood
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $195,000 over $500K
$44,500
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $25,993 | $19,391 | $16,541 | $0 |
=Total mortgage | $675,818 | $644,891 | $607,291 | $556,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,300monthly | $3,149monthly | $2,965monthly | $2,715monthly |
Land Transfer Tax
$10,375
$10,375
Around this home
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