Detached House for sale at 5866 Valley Way, Niagara Falls, Ontario, L2E 1Y1 - Cherrywood - MLS: X13468336

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5866 Valley Way

Niagara Falls, Ontario, L2E 1Y1 - Cherrywood

$730,000

Neighbourhood

Cherrywood
Major Intersection

PORTAGE RD / VALLEY WAY

Listed Since: 10 day(s)
Last update: 9 day(s) ago

Overview

Property Type

Detached, Bungalow
Bedrooms

3 + 3
Bathrooms

4
Basement

Apartment
Kitchen

1 + 2
Total Parking

5 (1 Attached Garage)
Lot Size

71.2x75 (Feet)
Taxes

$4,004.14 (2025)
Type

Freehold

Property Description

Property description for 5866 Valley Way, Niagara Falls

Welcome to 5866 Valley Way, Niagara Falls - a rare Live & Earn opportunity in one of Niagara's most desirable and convenient locations! Whether you're a first-time home buyer, growing family, savvy investor, or someone looking to offset mortgage costs with rental income, this beautiful all-brick bungalow offers exceptional flexibility and value.Situated on an impressive 71-foot frontage lot, this unique property features 3 self-contained units, making it an outstanding income-generating investment. Live comfortably in the main-level residence while earning rental income from the lower units, or maximize cash flow by renting all three units. The home features a practical and versatile layout that is rarely available in today's market.The bright and spacious main floor offers over 1,000 sq. ft. of living space with modern finishes throughout, while the lower level boasts two separate units with private entrances. One lower unit is a legal 2-bedroom apartment, and the second 1+1 bedroom unit has permit documentation available. Each level is equipped with its own kitchen and laundry facilities, providing convenience and privacy for occupants. This carpet-free home features pot lights throughout, fresh paint, modern finishes, abundant natural light, and an upgraded 200-amp electrical panel. The extra-long private driveway accommodates up to 5 vehicles, making parking effortless for residents and guests alike. Perfectly located just minutes from Niagara Falls' world-famous attractions, tourist district, casinos, restaurants, shopping, hospitals, schools, parks, GO Transit, and major highways, this property offers the ideal combination of lifestyle and investment potential.Whether you're looking to live in one unit and generate additional income or add a strong cash-flowing asset to your portfolio, 5866 Valley Way is a truly worthwhile investment and an opportunity not to be missed!

Listed by ZOWN REALTY INC.

Property details

MLS #

X13468336
Sq. Ft

700-1100
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Attached, 1 spaces
Total Parking

5
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Shingles
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

X13468336
Sq. Ft

700-1100
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Attached, 1 spaces
Total Parking

5
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Shingles
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Living

6.7 x 3.51 ft Main level

Laminate, Combined W/Dining, Pot Lights
Dining

6.7 x 3.51 ft Main level

Laminate, Combined W/Living, Window
Kitchen

7.89 x 2.37 ft Main level

Ceramic Floor, W/O To Deck, Stainless Steel Appl
Primary

3.42 x 3.38 ft Main level

Laminate, Closet, Window
2nd Br

3.38 x 2.27 ft Main level

Laminate, Closet, Window
3rd Br

2.27 x 2.62 ft Main level

Laminate, Closet, Window
Kitchen

5.72 x 3.3 ft Bsmt level

Laminate, Combined W/Living, Open Concept
Living

5.72 x 3.3 ft Bsmt level

Laminate, Window, Pot Lights
Br

3.3 x 2.95 ft Bsmt level

Laminate, Window, Pot Lights
Br

3.33 x 3.28 ft Bsmt level

Laminate, Window, Pot Lights
Kitchen

5.7 x 1.93 ft Bsmt level

Laminate, Pot Lights
Br

3.37 x 2.08 ft Bsmt level

Laminate, Window, Pot Lights
Den

2.92 x 1.94 ft Bsmt level

Laminate, Window, 7 Pc Bath

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 5866 Valley Way, Niagara Falls

This property has been sold 13 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Detached in Cherrywood

Active listings

Average Selling Price of a Detached

May 2026

$456,000

Last 3 Months

$445,711

Last 12 Months

$464,305

May 2025

$444,333

Last 3 Months LY

$460,514

Last 12 Months LY

$507,596

Change

-3%

Change

-9%

How many days Detached takes to sell (DOM)

May 2026

Last 3 Months

Last 12 Months

May 2025

Last 3 Months LY

Last 12 Months LY

Change

-32%

Change

38%

Change

-8%

Average Selling price

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Closing Cost Calculator

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.