5425 Cedar St
211 - Cherrywood, Niagara Falls, L2E 2V4
FOR SALE
$529,900
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3 + 1
BEDROOMS2
BATHROOMS1 + 1
KITCHENS8 + 4
ROOMSX11981664
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Property Description
Location, Value & Investment! A perfect home for first time home buyers, investors, or if you're looking to downsize. This Detached Bungalow has a Large Lot (~41ft x 107ft) & is located in the heart of Niagara Falls on an established, quiet, family friendly street & awaits your creativity to customize to your preferences. This home allows flexibility to those looking to combine living and investment from the tenanted Basement or investment to tenant both Main Floor & Basement. The Main Floor Features 3 bedrooms, 1 (3-pc) bathroom, a good size living room, good size eat in kitchen. Finished Basement (Updated in 2023) features a Separate Entrance, 1 Bedroom, 1 (3-pc) bathroom and Open Concept Kitchen/Living room, also includes an above ground Family Room and Sunroom. Separate Laundry on both Main and Basement floors, Furnace and AC were upgraded in 2022. The 4 Car paved Driveway leads you to your Private Fenced-In Backyard & Detached garage (~25' by 15'), a perfect space for a Car & Extra Storage. Minutes from Downtown Niagara Falls, Close to Highways, Schools and Shopping. Note: Some pictures contain Virtual Staging
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Property Features
Fenced Yard, Hospital, Library, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
41' x 107'
Fronting
South
Taxes
$2,485 (2024)
Basement
Finished, Sep Entrance
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.38' x 14.90' | Large Window, Laminate, O/Looks Frontyard |
| Kitchen | Main | 11.81' x 14.11' | Large Window, Tile Floor, Eat-In Kitchen |
| Prim Bdrm | Main | 9.61' x 13.71' | Window |
| 2nd Br | Main | 7.12' x 11.38' | Window |
| 3rd Br | Main | 10.60' x 12.70' | Window, Closet |
| Bathroom | Main | 5.71' x 6.14' | Window, Tile Floor, 3 Pc Bath |
| Family | Main | 12.11' x 13.48' | Window, Laminate |
| Sunroom | Main | 12.11' x 6.10' | Window, Laminate, O/Looks Backyard |
| Living | Bsmt | 12.11' x 9.12' | Window, Laminate, Combined W/Kitchen |
| Kitchen | Bsmt | 12.11' x 10.70' | Window, Laminate, Combined W/Living |
| Br | Bsmt | 8.30' x 21.59' | Window, Laminate |
| Bathroom | Bsmt | 4.79' x 5.84' | 3 Pc Bath, Tile Floor |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5425 Cedar St is a 3-bedroom 2-bathroom home listed for sale at $529,900, which is $32,483 (5.8%) lower than the average sold price of $562,383 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls declined by $32,132 (5.4%) compared to the previous 30 day period (December 22 - January 20) and up $22,328 (4.1%) from the same time one year ago.Inventory Change
There were 84 3-bedroom homes listed in Niagara Falls over the last 30 days (January 21 - February 19), which is down 3.4% compared with the previous 30 day period (December 22 - January 20) and up 64.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($15,213) (2.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $2,532 decrease compared to the previous 30 day period (December 22 - January 20) and ($22,911) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Niagara Falls over the last 30 days (January 21 - February 19) stood at 35.7%, down from 36.8% over the previous 30 days (December 22 - January 20) and down from 52.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Niagara Falls stood at 47 days when successfully sold over the last 30 days (January 21 - February 19), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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