7305 MERRITT Avenue, Niagara Falls, ON

$549,000
MLS#:X12036851
3 beds
1 baths
700-1100 sqft
3.0 parking
Residential Freehold
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Property no longer active

This property was sold on April 5, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 220 - Oldfield. Expertly crafted featuring premium brick and metal/steel siding construction, this residence presents an exceptional opportunity offered at $549,000 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.

  • 3 Bedrooms and 1 Bathroom with 2 functional kitchens
  • Generous living space spanning 700-1100 sqft on a premium 36.67 x 130.35 ft lot
  • Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

THREE BEDROOM BUNGALOW IN SOUTH NIAGARA FALLS. THE HOME FEATURES AN OVER SIZED ATTACHED GARAGE WHICH IS 20 FT X 14 FT. THERE IS A COZY EAT IN KITCHEN AND A LARGE LIVING ROOM. THE MAIN FLOOR ALSO FEATURES 3 GOOD SIZED BEDROOMS, AND A FOUR PIECE BATH. THE BASEMENT IS DIVIDED INTO A REC ROOM/ DINING AREA TO ACCOMODTE FAMILY GATHERINGS, WITH A SECOND KITCHEN. THE OTHER SIDE OF THE BASEMENT CONTAINS THE FURNACE, HOT WATER HEATER , AND THE WASHER AND DRYER. THERE IS AN ENTRY DOOR FROM THE GARAGE THAT ALLOWS YOU TO EITHER GO UP TWO STEPS TO THE MAIN FLOOR OR TAKE THE STAIRS TO THE BASEMENT. THIS MAKES IT AN IDEAL SET UP FOR AN IN-LAW SUITE OR A SEPARATE RENTAL-- IF PERMITED. GREAT LOCATION, CLOSE TO SCHOOLS, SHOPPING, HWY ACCESS, AND MINUTES FROM THE NEW HOSPITAL.

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Property Summary

This detached home located at 7305 MERRITT Avenue, Niagara Falls is currently for sale and has been available on SousaSells for 481 days. This property is listed at $549,000 with an estimated mortgage of $1,827* per month. It has 3 beds, 1 bathroom, and is 700-1100 square feet. 7305 MERRITT Avenue, Niagara Falls is in the 220 - Oldfield neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
2
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 5, 2025
Sold price information is available to members only
Listed Date3/23/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Metal/Steel Siding
BasementPartially Finished
Lot Size36.67 × 130.35 Feet
CountyNiagara
Annual Tax$3,584
Legal DescriptionLT 37 PL 207 STAMFORD;S/T AA14785 NIAGARA FALLS

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, Public Transit, Place Of Worship, School, School Bus Route

Interior Features

Water Heater

Security Features

Community Features

Location

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7305 MERRITT Avenue, 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 7305 MERRITT Avenue, Niagara Falls, ON L2G 5C3

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.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Niagara Falls.

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Interest Rate4.00%
Down Payment$164,700 (30.0%)
* Minimum Canadian down payment required for this price is $29,900.
Amortization Period30 Years
Estimated Monthly Payment$1,827Based on a loan of $384,300 over 30 years.
Purchase Price$549,000
Loan Amount$384,300
Provincial Land Transfer Tax:$7,455
Total Estimated Closing Taxes:$7,455

About Purchasing a Home in Niagara Falls, ON

For a property listed at $549,000 in Niagara Falls, the legal minimum down payment is $29,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,455 for this transaction. As this listing is in Niagara Falls (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,455.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 220 - Oldfield, Niagara Falls.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$760,809

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

Heximer Avenue
PublicHeximer Avenue, Niagara Falls, Ontario, L2G 4S1
9.3
Father Hennepin
Public6032 Churchill Street, Niagara Falls, Ontario, L2G 2X1
9.9
James Morden
Public7112 Dorchester Road, Niagara Falls, Ontario, L2G 5V6
6.3
Our Lady of Mount Carmel
Public6525 Carlton Avenue, Niagara Falls, Ontario, L2G 5K4
6.3
Princess Margaret
Public6624 Culp Street, Niagara Falls, Ontario, L2G 2C4
8.5

Secondary Schools

Stamford
Public5775 Drummond Road, Niagara Falls, Ontario, L2G 4L2
5.3
Westlane
Public5960 Pitton Road, Niagara Falls, Ontario, L2H 1T5
6.3
St. Michael
Catholic8699 McLeod Road, Niagara Falls, Ontario, L2H 0Z2
7.1

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.