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For Sale
Just Listed

5214 Third Avenue

211 - Cherrywood, Niagara Falls, ON
$695,000
5Bd
3Ba
4,250+sqft
8Parking
70 x 124.7 ftlot
$164/sqft
DetachedMLS# X13577046Listed 2026-07-170 DOM
Basement
Unfinished

Just listed! New listings in Niagara Falls often receive offers within the first week.

About this home

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.

GarageCorner Lot

Features

  • Storage
  • Unfinished
  • None
  • 2 1/2 Storey

Financials

Annual Taxes
$4,966.84

Estimated Rental Income

Entire property$4,500 – $7,000/mo
Rental yield7.8% – 12.1%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Niagara Falls

Days on market0 days
Buyer's MarketSeller's Market

Based on active listings in Niagara Falls. Data updates daily.

Our estimate for this home

Priced 58.9% below estimate
Estimated range
$1.56M$1.82M
Mid-point $1.69M · ~$397/sqft
How this listing compares
$1.56MList · $695K$1.82M
Medium confidence·Based on 24 211 - cherrywood comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$695,000
5214 Third Avenue, Niagara Falls
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