$519,900 - 7992 Peter Street, Niagara Falls
Detached for Sale in Niagara Falls
55 days on market- MLS Number
- X13044246
- Property Type
- Detached
- Status
- active
- Days on Site
- 55
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Niagara Falls
- Listing Brokerage
- CITYSCAPE REAL ESTATE LTD.
Don't miss this bright, beautifully updated & very well kept home. In charming village of Chippawa! Nestled on a quiet street and close to amenities, highways, and the scenic Welland River, this property offers a perfect blend of comfort, style, and lifestyle. Finished in modern, neutral tones throughout. The renovated main floor features an open-concept layout with a stunning updated kitchen showcasing quartz countertops, subway tile backsplash, stainless steel appliances, a large centre island with seating, and a double sink-ideal for cooking and entertaining. The kitchen overlooks the private backyard and walks out to a spacious deck with a spacious cozy seating are with pergola, BBQ area, leading to an above-ground pool and grassy backyard. The inviting open concept Lining/Dining room makes a great room offers updated flooring, a rustic wood beam, and plenty of space to relax and entertain. A convenient main floor primary bedroom and stylish 4-piece bathroom complete this level. Upstairs, you'll find large foyer with double closet, two generously sized bedrooms along with a unique bonus storage area above the kitchen. The unfinished basement provides ample storage, toilet and laundry area. Recent updates include: kitchen addition, windows and doors, vinyl siding, roof, ductwork, high-efficiency furnace, and central air conditioning-ensuring modern comfort and peace of mind. The fully fenced backyard offers privacy, with the detached single-car garage and long driveway provide parking for up to 5 vehicles. Located in a peaceful, family-friendly area close to trails, water, shopping, Niagara Falls & attractions, and more! This move-in ready home is a fantastic opportunity to enjoy all that the beautiful Chippawa area has to offer!
Estimate your monthly payments for this property
Estimated Payment
$2,667.36/mo
Includes CMHC insurance ($14,505)
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.
7992 Peter Street, 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 $473/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 55 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.
Detached Home Advantages
Detached homes in Niagara Falls are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,166 (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.