$489,000
Est. payment $2,165/moCalculate yours
5365 Portage Road, Niagara Falls, ON L2E 6B8
211 - Cherrywood, Niagara Falls, ON L2E 6B8
- 3 Beds
- 3 Baths
- 2 Garage
- 1,100 Sq Ft
Listing courtesy of QUANTUM TEAM REALTY MLS® X13812322
About this home
Don’t miss this chance to secure a flexible, income-generating property with room to expand. This property offers a unique opportunity for investors seeking rental income, workshop space, and long-term potential all within city limits. Close to Hwy, Hospital, Fall, Police Headquarters, this property is set on a large, private lot off Portage Road. , The house is partially hidden from the street offering a rare sense of seclusion. . A long private driveway provides access to multiple parking areas and a 24 x 24 insulated Quonset garage, ideal for storage, a workshop, or rental to tradespeople and small business operators. The home features: 3 bedrooms, 2.5 bathrooms, Open-concept main floor with living, dining, and kitchen. Main floor bedroom & powder room, Sunroom, mudroom, and rear deck. Hardwood flooring. The basement offers a separate entrance, a recreation room, 3-piece bathroom, laundry, and high ceilings providing potential for conversion to a secondary suite. Bonus Value: Currently tenanted, at $2250 with utilities paid by tenant, generating income from day one. The Quonset garage offers additional income potential as a rental workspace. Massive lot with fenced area, multiple parking spots, and room for equipment. Strategically located close to major highways, U.S. border, hospital, tourist attractions, and shopping, this property is ideal for a live/work setup or as part of an investment portfolio.
Property details
Overview
- Property Type
- Detached
- Style
- 1 1/2 Storey
- For
- For Sale
- Status
- New
- Size
- 1,100 sqft
Interior
- Bedrooms
- 3
- Bathrooms
- 3
- Kitchens
- 1
- Basement
- Partially Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 63.8 x 175 Feet
- Parking
- Detached garage · 8 total
Financial
- Property Taxes
- $3,097 (2025)
Location
- Neighbourhood
- 211 - Cherrywood
- Cross Street
- PORTAGE/MORRISON ROAD
- Direction Faces
- East
Listing
- MLS® Number
- X13812322
- Days on Market
- 26
- Listed On
- 2026-09-22
- Possession
- Tenant needs 60 days notice
- Listed By
- QUANTUM TEAM REALTY
Features
Interior
- None
Pool
- None
- Included
- Garden Shed, Dryer, Washer, Refrigerator
- Excluded
- GAS STOVE, SINK IN BASEMENT, CATERING EQUIPMENT, SMALL TOOL SHED, GAZEB0, ELECTRIC FIREPLACE & ALL OTHER BELONGINGS OF THE TENANT
- Rental items
- Hot Water Tank
Mortgage calculator
Estimated mortgage payment
$2,165 per month
- Principal and interest
- $2,165
- Property tax
- $258
- Condo fees
- $0
- Estimated monthly cost
- $2,423
Your mortgage
- Mortgage amount
- $391,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $258,356
Cash to close
- Down payment
- $97,800
- Land transfer tax
- $6,255
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $104,055
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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