$514,900 - 4644 Pettit Avenue Unit 203, Niagara Falls
Condo for Sale in Niagara Falls
52 days on market- MLS Number
- X13032586
- Property Type
- Condo
- Status
- active
- Days on Site
- 52
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Niagara Falls
- Locker
- Owned
- Exposure
- North
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX ESCARPMENT GOLFI REALTY INC.
Welcome to Olympia Retirement Condominiums, a secure, gated community designed for active seniors seeking comfort, convenience and connection. Located in a prime area within walking distance to grocery stores, restaurants and banking, and just a short drive to highway access and Niagara's top amenities with its very own detached garage! Suite 203 is a private second floor unit offering beautiful views of the manicured landscaped grounds. This bright, open concept layout features 9-foot ceilings, modern finishes and in suite laundry. The living and dining area is filled with natural light and walks out to a covered balcony, perfect for relaxing. The spacious oversized primary bedroom measures almost 300 sqft and includes two double closets and a full 3-piece ensuite. A generous sized second bedroom with double closet adds flexibility for guests . Included are all appliances, window coverings, an owned detached garage just steps from your additional surface parking space, plus a storage room in the basement. Residents enjoy exceptional amenities including an inground pool, garden area, gazebo, exercise room, common lounge, banquet hall and walking trails. Experience safe, maintenance, free living in a vibrant community.
Estimate your monthly payments for this property
Estimated Payment
$2,641.70/mo
Includes CMHC insurance ($14,366)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Niagara Falls
Niagara Falls is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Niagara Falls
- •Convenient location in Niagara Falls
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Niagara Falls offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
4644 Pettit Avenue Unit 203, Niagara Falls
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $515/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 52 days on site, this property has exceeded the typical selling timeline for Niagara Falls. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Investment Perspective
Looking at this as an investment: Niagara Falls properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,145 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.