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$300K · 2+1 bed Common Element Condo · 211 - Cherrywood, Niagara Falls | MyPropertyScout

$299,999

Unit 201

30 DOM

2+1130d

Map

DOM 30

$299,999

DOM30days

Unit 201

4872 Valley Way · Niagara Falls · Ontario L2E 1W3

MLS® X13472354 · 211 - Cherrywood · L2E 1W3

2+11TenantOccupied600-699 ft²Common Element Condo1-car Built-InNo basement30d$462/ft²$1,800 tax/yrBuilt 201313 yrs oldNo basement

30 days on market

About this home

Fantastic opportunity to own a beautiful renovated 2 bed + den/bdrm apartment minutes from The Falls. Stunning Interior, Brite and spacious ideal for 1st time home buyer (WTB may be available). AIRBNB can also be possible [ subject to application approval. Unit has its own parking Garage!!2 big bedrooms and a small office / den/ Bdrm. 1 Full washroom. Walk to Rainbow Bridge area, Clifton Hill. Gas station and Restaurant next wall. Plaza, hwy 420 and The falls in less then 10 minutes drive School…

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Property details

MLS#: X13472354
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2+1
Baths: 1 full, 0 half
Rooms: 5 + 1
Kitchens: 1
Size: 600-699Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Common Element Condo
Year built: 2013

Occupancy: Tenant Occupied
Washrooms: 5 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: No

Condo corp #: 48
Balcony: Juliette
Locker: None
Fees include: Water Included, Common Elements Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Built-In
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick Front
Fronting on: —
Cross street: Valley Way & Morrison
Stories: 2
Utilities: —
Laundry: Laundry Room
Interior: Carpet Free, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater
Parking features: None

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: HOMELIFE/MIRACLE REALTY LTD

Source: TRREB/PROPTX · MLS® X13472354

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$300K

Unit 201 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $299,999✓ $1,800 tax✓ Gas✓ 600-699 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,256/mo

incl. closing costs (yr 1)

Annual total

$39,076

year 1

Mortgage only

$1,138/mo

principal + interest

Beyond mortgage

$1,412/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$60,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$150/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~650 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$3,000/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$49/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$2,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)35% $13,657/yr

Property taxes12% $4,775/yr

Utilities10% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance8% $3,000/yr

Condo fees18% $6,984/yr

Closing costs13% $5,100/yr

Mortgage is 35% of your true cost of ownership. The other 65% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$13,657	$1,138/mo
Government & taxes
Property tax	$1,800	$150/mo
Land transfer tax(closing)	$2,975	$248/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$3,000	$250/mo
Condo fees
Condo / HOA fees	$6,984	$582/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$39,076	$3,256/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 201

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

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Annual costs