Listed for:Listed Jul 17, 2026
$695,000

5214 Third Avenue

Niagara Falls (Cherrywood), ON L2E 4M4

Detached House For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 5214 Third Avenue, Niagara Falls, Cherrywood

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

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.

$834,000Low confidence
Based on 8 comparable properties
− $139,000 (17%) below our estimate — Good deal!
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Niagara Falls, ON
Minimum Down Payment Required:6.4%

5% on first $500K + 10% on $195,000 over $500K

Minimum down payment

$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
Are you a first time home buyer?

Land Transfer Tax

Provincial

$10,375

Total Land Transfer Tax

$10,375

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