7623 Chorozy Street, Niagara Falls, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 213 - Ascot. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $780,000 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 52 x 109.91 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Looking for a versatile, income-generating property with exceptional flexibility? This extensively renovated designer home offers multiple separate living spaces ideal for multi-generational living or strategic investment. The main level features a private 1-bedroom suite with its own separate entrance, living area, and ensuite - perfect for extended family or rental income. The upper level showcases a beautifully upgraded kitchen with quartz countertops, a bright living room with patio doors to a balcony, and three spacious bedrooms, creating a comfortable primary residence while maintaining privacy between levels. Adding even more value, the basement has its own separate entrance, presenting strong potential for future conversion into a legal unit (buyer to complete due diligence regarding zoning and approvals). Renovated top to bottom with premium modern finishes. The large backyard includes a new interlocking patio and spacious shed, while the location offers convenient access to golf, restaurants, shopping, and quick connections to Hwy 406 and the QEW for commuting to Toronto or the U.S. Main floor currently tenanted under a fixed-term lease from July 1, 2026, to June 30, 2027. Tenant has the right to remain for the balance of the lease term. Buyer to assume existing tenancy and landlord obligations upon closing.
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Pricing & Value Insights
Data-driven valuation for 7623 Chorozy Street, Niagara Falls, ON L2H 2P1
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About Purchasing a Home in Niagara Falls, ON
For a property listed at $780,000 in Niagara Falls, the legal minimum down payment is $53,000 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 $12,075 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 $12,075.
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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.