5002 Jepson Street, Niagara Falls, ON

$684,900
MLS#:X8412396
6 beds
3 baths
2.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2 1/2 Storey"] detached located in the coveted neighborhood of 211 - Cherrywood. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $684,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 6 Bedrooms and 3 Bathrooms
  • Premium 42 x 115 ft lot size
  • Features a ["full", "finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Accessory Apartment, In-Law Suite, Sump Pump
  • equipped with ["none"] central cooling and highly efficient forced air heating via gas

Welcome to 5002 Jepson! Fall in love with this 6 bedroom, 3 bath home and its endless potential, located within walking distance to Niagara Falls. Offering over 2300sqft of above ground living space and over 3800sqft in total, with 3 separate entrances and ample space for 3 units, this home is ideal for anyone looking to generate additional rental income. Also perfect for a growing family, generational living or an investment opportunity. Aside from the lovely sunroom, cozy living room with fireplace, den, formal dining area, and updated kitchen on the main floor, this home also offers a large 660sqft main floor addition featuring a self-contained unit at the rear. Complete with a bedroom, living room, kitchenette, 4-pc bath and separate entrance to a covered porch, this is an ideal space for income potential, or an owner occupied bnb. A great opportunity to have some of your mortgage paid while still utilizing the entire original home! Tremendous opportunity lies in this versatile home, easily used as a duplex or triplex. On the second storey of the home are 4 generously sized bedrooms, a 4-pc bath and 2 linen closets. Don't miss the door that leads up to the 2nd half storey! This area could be used as a great kids room, flex space, office or storage. The basement has its own separate entrance and large hallway/mudroom along with a workshop, laundry and utility room with kitchenette, 3-pc bath, and bedroom. An additional storage room and extremely large unfinished basement complete this level. With its close proximity to Niagara Falls, Clifton Hill, Casinos, Golf Courses, and The Niagara Wine Country, this home holds tremendous value for income potential given all the tourism close by. The possibilities are endless. Beautifully maintained wood trim, original built-ins, hardwood floors, crown moulding, a new gas insert fireplace along with loads of natural light add to this homes charm. A must see home to appreciate all of its character and opportunity.

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Key Features

Bedrooms
6
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 6, 2024
Sold price information is available to members only
Listed Date6/6/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick, Vinyl Siding
Lot Size42 × 115 Feet
CountyNiagara
Annual Tax$3,476.7
Legal DescriptionLT 45 PL 296 TOWN OF NIAGARA FALLS ; NIAGARA FALLS ; SUBJECT TO EXECUTION 95-01810, IF ENFORCEABLE (AMENDED BY REGISTRAR #59 1999/11/26 AT 14:50PM)

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["None"]

Features

Property Features

Park, Public Transit

Community Features

Location

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5002 Jepson Street, Niagara Falls, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 5002 Jepson Street, Niagara Falls, ON L2E 1K2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$547,920
Monthly Mortgage$3,184
Property Tax (Est.)$290
Utilities & Maint.$350
Total Monthly Cost$3,824

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Niagara Falls.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 211 Cherrywood, Niagara Falls.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$850,000

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

LaMarsh
Public4571 Drummond Road, Niagara Falls, Ontario, L2E 6C8
5.3
Cherrywood Acres
Public4635 Pettit Avenue, Niagara Falls, Ontario, L2E 6L4
6.8
Greendale
Public5504 Montrose Road, Niagara Falls, Ontario, L2H 1K7
7.9
Princess Margaret
Public6624 Culp Street, Niagara Falls, Ontario, L2G 2C4
8.5
St Mary
Public5719 Morrison Street, Niagara Falls, Ontario, L2E 2E8
8.1

Secondary Schools

Stamford
Public5775 Drummond Road, Niagara Falls, Ontario, L2G 4L2
5.3
Westlane
Public5960 Pitton Road, Niagara Falls, Ontario, L2H 1T5
6.3

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.