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5974 SCOTT STREET E, Niagara Falls (Cherrywood) — listed at $533,500. Earn buyer cashback at closing. No catches, just more money in your pocket.
This detached bungalow offers incredible income potential and a fantastic opportunity to renovate and add major value. The main floor features a bright living room, kitchen, 3 bedrooms, and a full bath.The lower level boasts two self-contained suites, each with living area, kitchen, bedroom, and ensuite bath. While one unit is already occupied by excellent tenants willing to stay, the basement level requires some finishing renovations to maximize your rental income.The property also features a newer A/C, a large backyard, and parking for up to 4 cars. Fix it up, set your own rent, and watch your equity grow!Property sold "As Is". Seller and Listing Agent do not warrant the retrofit status of the basement. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Family room | Main level | 4.88 x 3.35 meters |
| Dining room | Main level | 3.35 x 3.05 meters |
| Bedroom | Main level | 3.05 x 3.35 meters |
| Bedroom 2 | Main level | 3.66 x 3.35 meters |
| Bedroom 3 | Main level | 3.05 x 3.05 meters |
| Living room | Basement | 3.05 x 3.66 meters |
| Bedroom | Basement | 3.35 x 3.05 meters |
| Bedroom 2 | Basement | 3.35 x 3.05 meters |
Is this a good starter home?+
At $533,500, this is priced in starter-home territory for Niagara Falls (Cherrywood). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Niagara Falls (Cherrywood) before counting on it.
What's the parking situation?+
This property includes 3 spaces — Attached Garage, Garage.
Is 5974 SCOTT STREET E a good fit for a growing family?+
With 5 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,410, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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