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Neighbourhood in Niagara Falls
Homes for rent in Cherrywood
Cherrywood is a quiet neighbourhood in Niagara Falls, Ontario. It offers a mix of residential homes and a friendly community atmosphere.
At a glance
Unit (Bsmt Rm 3), 4911 Mcrae Street
Niagara Falls (Cherrywood)
Listed 4 days ago
- 2Bedrooms
- 1Bathroom
- 0Garage
- 1.5K~2KSq.Ft.
DetachedFor Rent
Unit (Bsmt Rm 1), 4911 Mcrae Street
Niagara Falls (Cherrywood)
Listed 4 days ago
- 2Bedrooms
- 1Bathroom
- 0Garage
- 1.5K~2KSq.Ft.
DetachedFor Rent
Unit Basement - Unit 3, 6172 William Street
Niagara Falls (Cherrywood)
Listed 7 days ago
- 1Bedroom
- 1Bathroom
- 1Parking
- <700Sq.Ft.
MultiplexFor Rent
Unit 71 #UPPER, 4552 Portage Road
Niagara Falls (Cherrywood)
Listed 8 days ago
- 4Bedrooms
- 3Bathrooms
- 3Parking
- 1.6K~1.8KSq.Ft.
Condo TownhouseFor Rent
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
$516,700
In Cherrywood
$516,700
In Niagara Falls
$599,900
In Ontario
$709,000
Median monthly rent
$2,050/mo
In Cherrywood
$2,050
In Niagara Falls
$2,200
In Ontario
$2,500
≈ 21 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
46
Median $516,700
Houses 40 · Condos 6
For rent
16
Median $2,050
Houses 13 · Condos 3
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-27. 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 housing compared to city median
- Family-friendly environment
- Strong community feel
Keep in mind
- Limited public transit options
- Fewer grocery stores nearby
The feel of the placeLifestyle
Daily life in Cherrywood is relaxed, with a focus on family and community activities. Residents enjoy local parks and schools.
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 yrs209th 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 yrs337th of 3,045 Ontario elementary schools
185 students · EQAO 2024-2025
ÉÉC Saint-Antoine
Independent · French · Grades JK–8 · CSC MonAvenir
6.4/101,300th 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 yrs2,707th 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
What homes in Cherrywood actually rent for
57 homes were leased in Cherrywood over the 12 months to September 2026. Half leased above $2,070 and half below, 5.1% lower than the 12 months before. A typical home found its tenant in 44 days — 9 days slower than a year ago.
- Median rent
- $2,070
- -5.1% year over year
- Days to lease
- 44
- 9 days slower
- Leases closed
- 57
- last 12 months
- Rent per square foot
- $1.71/mo
- from 54 sized leases
Three years of rents
The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.
What renters actually paid
$2,990/mo
on a $3,000 asking rent — under ask by $10
- Of the asking rent
- 99.7%
- Leased over asking
- 8.8%
From 57 leases that closed here in the last 12 months.
Rent or buy in Cherrywood
18.1 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$448,450
80 sales
Median rent
$2,070/mo
57 leases
Gross rental yield
5.54%
before costs
Both figures come from deals that actually closed in Cherrywood over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.
What actually rents in Cherrywood
A single median hides this: the mix of homes behind it, and what each kind costs.
- Detached$2,35014.0%
- Other kinds, too few of each —86.0%
How fast it moves
Median days on market, month by month. Taller means slower.
Terracotta marks the last 12 months.
Every month behind these charts — Cherrywood, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 3 | Not enough leases this month to report a median | |||
| Aug 2026 | 10 | $2,350 | $2,038 – $2,475 | 26 | 100.0% |
| Jul 2026 | 2 | Not enough leases this month to report a median | |||
| Jun 2026 | 4 | Not enough leases this month to report a median | |||
| May 2026 | 4 | Not enough leases this month to report a median | |||
| Apr 2026 | 4 | Not enough leases this month to report a median | |||
| Mar 2026 | 8 | $2,125 | $1,900 – $2,663 | 52 | 100.0% |
| Feb 2026 | 8 | $1,850 | $1,650 – $2,613 | 82 | 100.0% |
| Jan 2026 | 3 | Not enough leases this month to report a median | |||
| Dec 2025 | 4 | Not enough leases this month to report a median | |||
| Nov 2025 | 2 | Not enough leases this month to report a median | |||
| Oct 2025 | 5 | $2,300 | $2,200 – $2,600 | 15 | 100.0% |
| Sep 2025 | 4 | Not enough leases this month to report a median | |||
| Aug 2025 | 7 | $2,300 | $1,988 – $2,625 | 61 | 100.0% |
| Jul 2025 | 5 | $2,500 | $1,950 – $2,700 | 26 | 100.0% |
| Jun 2025 | 6 | $1,750 | $1,663 – $1,950 | 22 | 100.0% |
| May 2025 | 7 | $2,200 | $1,925 – $2,650 | 14 | 100.0% |
| Apr 2025 | 3 | Not enough leases this month to report a median | |||
| Mar 2025 | 6 | $2,200 | $1,725 – $2,488 | 20 | 100.0% |
| Dec 2024 | 4 | Not enough leases this month to report a median | |||
| Nov 2024 | 1 | Not enough leases this month to report a median | |||
| Oct 2024 | 2 | Not enough leases this month to report a median | |||
| Sep 2024 | 5 | $1,650 | $1,500 – $2,700 | 35 | 100.0% |
| Aug 2024 | 7 | $2,200 | $1,775 – $2,825 | 31 | 100.0% |
| Jul 2024 | 4 | Not enough leases this month to report a median | |||
| Jun 2024 | 3 | Not enough leases this month to report a median | |||
| May 2024 | 6 | $2,425 | $2,050 – $2,500 | 34 | 100.0% |
| Apr 2024 | 5 | $2,200 | $2,200 – $2,200 | 58 | 100.0% |
| Mar 2024 | 4 | Not enough leases this month to report a median | |||
| Feb 2024 | 3 | Not enough leases this month to report a median | |||
| Dec 2023 | 1 | Not enough leases this month to report a median | |||
| Oct 2023 | 2 | Not enough leases this month to report a median | |||
19 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.
What people ask about Cherrywood
How much does a home cost in Cherrywood?
Homes in Cherrywood sold for a median of $448,450 over the 12 months to September 2026, across 80 closed sales — half sold for more and half for less. That is 9.6% lower than the 12 months before it.
How long does it take to sell a home in Cherrywood?
A home in Cherrywood took a median of 35 days on the market over the 12 months to September 2026. Homes there closed at 96.2% of the asking price on average, with 12.5% selling over asking.
How much is rent in Cherrywood?
The median lease in Cherrywood closed at $2,070 a month over the 12 months to September 2026, across 57 leases.
Is it cheaper to rent or buy in Cherrywood?
A home in Cherrywood costs about 18.1 years of the rent on one — the median price of $448,450 against a median rent of $2,070 a month, a gross yield of 5.54%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Cherrywood on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.
A condo here is its own market
1 condo apartment and 4 condo townhouses are on the market in Cherrywood right now. Too few have closed here in the last year for us to publish a median we would stand behind.