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5070 Third Avenue
Niagara Falls (Cherrywood), Ontario
2bed1bath
Ontario
Niagara Falls (Cherrywood) Real Estate
Browse homes for sale in Niagara Falls (Cherrywood) • Median $528,750
$528,750Median Price
30Avg Days on Market
33Detached22Commercial14Condo10Multi- Unit1Land
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About Niagara Falls (Cherrywood) Real Estate
Cherrywood, a charming neighborhood in Niagara Falls, Canada, offers a unique blend of suburban tranquility and urban accessibility. Historically, this area has been shaped by the growth of the city, evolving from a quiet residential community into a vibrant locale that attracts a diverse array of residents. The neighborhood is characterized by its tree-lined streets, well-maintained parks, and a strong sense of community. Families and individuals alike appreciate its proximity to the world-renowned Niagara Falls, making it a desirable place to call home.
What sets Cherrywood apart is its community spirit, seen through various local events and gatherings that foster connections among residents. The area boasts a variety of housing options, from cozy bungalows to more modern single-family homes, catering to different tastes and buyer needs. The neighborhood’s accessibility to local amenities, schools, and recreational areas enhances its appeal, providing everything residents need within a short distance.
Additionally, Cherrywood's location provides easy access to major highways, making commuting to nearby cities for work or leisure convenient. The blend of nature and urban living, along with the friendly ambiance, makes Cherrywood a sought-after neighborhood for those looking to enjoy both the excitement of Niagara Falls and the serenity of a close-knit community.
79 active listings with a median price of $494,900.
Lifestyle & Community
Living in Cherrywood offers a relaxed, community-focused lifestyle that appeals to individuals and families alike. The neighborhood hosts numerous events throughout the year, from seasonal festivals to farmers' markets, encouraging residents to connect and engage with one another. Cherrywood's proximity to the iconic Niagara Falls creates a unique backdrop for both leisure and adventure, with opportunities for outdoor activities like hiking, biking, and sightseeing. The local culture is enriched by diverse dining options and shops that reflect the area's multicultural environment, making it a vibrant place to live.
Local Amenities
- Cherrywood Park
- Niagara Falls Public Library - Dr. Huq Branch
- Local grocery stores and markets
- Community center offering various programs
- Public transit access
- Nearby schools (elementary and secondary)
- Health care facilities and clinics
- Fitness centers and recreational facilities
- Restaurants and cafes
- Nearby shopping centers
Points of Interest
- Niagara Falls
- Clifton Hill Entertainment District
- Niagara Parks Botanical Gardens
- Skylon Tower
- Queen Victoria Park
- Niagara SkyWheel
- Whirlpool Aero Car
- Bird Kingdom
- Niagara Falls History Museum
Market Overview
The real estate market in Cherrywood is currently active, with 79 listings available and a median listing price of $494,900. Homes in this neighborhood typically spend around 30 days on the market, indicating a balanced demand for housing. Buyers can expect a range of property types, appealing to both first-time homeowners and those looking to upgrade. As the Niagara Falls area continues to grow in popularity, particularly among families and retirees, the market shows signs of steady appreciation.
Investment Outlook
Cherrywood presents promising investment opportunities for both new and seasoned investors. With the ongoing development in Niagara Falls, including infrastructure improvements and increased tourism, the rental market is poised for growth. Properties in this area are likely to attract reliable tenants, particularly from the influx of visitors drawn to the nearby attractions. Investors can benefit from a stable rental income and long-term value appreciation.
Ideal For
Cherrywood is ideal for first-time buyers seeking an affordable entry into the real estate market, as well as families desiring a friendly community and good schools. Retirees looking for a peaceful lifestyle close to recreational activities will also find this area appealing. Additionally, investors will appreciate the neighborhood's rental potential and growth opportunities.
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Living in Niagara Falls (Cherrywood)
Lifestyle
Living in Cherrywood offers a relaxed, community-focused lifestyle that appeals to individuals and families alike. The neighborhood hosts numerous events throughout the year, from seasonal festivals to farmers' markets, encouraging residents to connect and engage with one another. Cherrywood's proximity to the iconic Niagara Falls creates a unique backdrop for both leisure and adventure, with opportunities for outdoor activities like hiking, biking, and sightseeing. The local culture is enriched by diverse dining options and shops that reflect the area's multicultural environment, making it a vibrant place to live.
Local Amenities
Cherrywood ParkNiagara Falls Public Library - Dr. Huq BranchLocal grocery stores and marketsCommunity center offering various programsPublic transit accessNearby schools (elementary and secondary)Health care facilities and clinicsFitness centers and recreational facilitiesRestaurants and cafesNearby shopping centers
Market Insights
The real estate market in Cherrywood is currently active, with 79 listings available and a median listing price of $494,900. Homes in this neighborhood typically spend around 30 days on the market, indicating a balanced demand for housing. Buyers can expect a range of property types, appealing to both first-time homeowners and those looking to upgrade. As the Niagara Falls area continues to grow in popularity, particularly among families and retirees, the market shows signs of steady appreciation.
Investment Potential
Cherrywood presents promising investment opportunities for both new and seasoned investors. With the ongoing development in Niagara Falls, including infrastructure improvements and increased tourism, the rental market is poised for growth. Properties in this area are likely to attract reliable tenants, particularly from the influx of visitors drawn to the nearby attractions. Investors can benefit from a stable rental income and long-term value appreciation.
Written with AI assistance using live MLS data, reviewed by our team.
Price Distribution
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$1.5M – $2.0M
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Frequently Asked Questions About Niagara Falls (Cherrywood)
There are currently 59 active residential listings in Niagara Falls (Cherrywood). This includes detached homes, condos, townhouses, and other property types. Listings are updated throughout the day from CREA's DDF®.