Upgraded Bungalow with Finished Basement Near Niagara Falls Attractions

Property details for 7002 Optimist Lane, Niagara Falls

Type: Residential
Style: Bungalow
Bedrooms: 4
Bathrooms: 3
Lot Size: 36.3 x 114.9 FT
Stories: 1
Basement: Finished, Full
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick, Vinyl siding
Ownership: Freehold
Annual Taxes: $5,189

You're a five-minute drive from the falls, but tucked away on a quiet street in a residential pocket of Niagara Falls. This 10-year-old bungalow has 2 bedrooms up and 2 down, plus 3 bathrooms. The main floor is open-concept with engineered hardwood throughout. Kitchen has a centre island and stainless steel appliances, including a gas stove. Living room has a gas fireplace. Primary suite has a walk-through closet and a fully updated ensuite. Laundry is on the main floor, which is rare. The basement is fully finished and set up for entertaining. There's a home theatre area, a games lounge with a bar, plus a second kitchen and a separate office. Two more bedrooms and a full bathroom down there make it great for guests or older kids. Outside, the yard is fully fenced with a deck, hot tub, and garden shed. Concrete driveway was done in 2019 and holds 3 cars, with an attached garage. Westlane Secondary is 2.4 km away, and you're 3.5 km from the Skylon Tower and Queen Victoria Park. At $679,000, it's priced right around the median for the area, and with 70 average days on market, you've got a little room to negotiate.

About 7002 Optimist Lane, Niagara Falls — Property Score

Great Location

Score: 64/100

Value

Priced 4.5% above area median of $650,000 based on 292 comparable properties nearby 63

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - typical for similarly priced homes 60

3 bathrooms - 1 more than similarly priced properties nearby 72

4,171 sqft lot - a standard lot for the area 65

Location

$60K median household income - below the Canadian average of $70K 60

81% of residents hold postsecondary credentials - a highly educated neighbourhood 88

86% homeownership rate - indicating a stable, owner-occupied community 90

90% of residents commute under 30 minutes - excellent commuter accessibility 100

912/km² population density - a low-density residential area 65

Market

Just listed - area average is 89 days on market 100

-12.9% median price change over 1 month - declining prices in the area 1

37.9 months of housing supply - 417 active listings with 11 sold last month (buyer's market) 40

Features

3-car garage - area average is 5 spots 80

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.76% effective tax rate ($5,189/yr) - below the Canadian average of ~1% 77

14% renter population - primarily owner-occupied area 47

Quality

Condition

Listing

30 photos provided - below the area average of 35 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.