$1,350,000 - 8056 Cathedral Drive, Niagara Falls
Detached for Sale in Niagara Falls
33 days on market- MLS Number
- X13106656
- Property Type
- Detached
- Status
- active
- Days on Site
- 33
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Niagara Falls
- Listing Brokerage
- RE/MAX NIAGARA REALTY LTD, BROKERAGE
Nestled in the highly desirable Mount Carmel neighbourhood, this exceptional executive large family home offers the perfect blend of comfort and family living in one of the area's most established and sought-after communities. Known for its quiet tree-lined streets, beautiful homes, parks, top-rated schools, and convenient access to shopping, wineries, golf courses, and major highways, Mount Carmel continues to be one of the most prestigious places to call home. Positioned on an impressive oversized corner lot, this 3-bedroom residence showcases outstanding curb appeal with lush landscaping, and a fully operational irrigation system already prepared for the summer season. This home has also seen numerous important updates and improvements. A brand-new central air conditioning system was installed in June 2025, along with new windows completed in September 2025, enhancing both comfort and energy efficiency. A new water filtration system was also added in 2025. The furnace is scheduled for replacement in June of this year. The basement comes equipped with zoned heated flooring and a den currently used as guest bedroom. The expansive property provides an abundance of outdoor space for relaxing and enjoying the privacy and prestige that come with a premium lot of this size. The backyard is designed for both relaxation and entertaining, featuring a beautiful deck with gazebo and the added luxury of a Michael Phelps Signature Swim Spa and hot tub combination.This is a rare opportunity to own a spacious executive home in one of the region's most coveted neighbourhoods. A true turnkey property offering style, space, and exceptional pride of ownership throughout.
Estimate your monthly payments for this property
Estimated Payment
$5,971.51/mo
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.
8056 Cathedral Drive, 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 $675/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.
Market Position
At 33 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $5,625 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.