240 VELVET Way
Niagara Falls, Ontario
3 bed • 3 bath • Single Family
Experience modern living in this elegant, less than one-year-old corner detached home in Thorold, distinguished by its contemporary design and thoughtful details throughout. The residence features three spacious bedrooms and two and a half bathrooms, ensuring comfort and privacy for everyone. An intelligently designed layout fosters a peaceful atmosphere, complemented by sophisticated elements such as iron picket railings and hardwood floors. The main level is bright and inviting, with pot lights illuminating the kitchen, living area, and foyer. Occasionally used new stainless steel appliances and a convenient second-level washer and dryer offer both practicality and style. Additional highlights include a one-car garage, a two-car driveway, and a large unfinished basement-ideal for recreation or storage. Residents enjoy effortless commuting with easy access to major highways and close proximity to premium shopping centers, fine dining, schools, and recreational facilities. Nearby parks and hiking trails provide abundant opportunities for outdoor activities, while entertainment venues, Niagara College, Brock University, and several schools are all within easy reach. This beautiful Thorold residence offers a perfect blend of modern living and complete privacy
Price History
Schools
Elementary
- Ontario Public School1 km
Public · DSB Niagara · 505 students
Grade 3 reading: 91% met the provincial standard · Grade 6 math: 78% met the provincial standard
- Richmond Street Public School3.9 km
Public · DSB Niagara · 560 students
Grade 3 reading: 96% met the provincial standard · Grade 6 math: 81% met the provincial standard
- Prince of Wales Public School4.1 km
Public · DSB Niagara · 290 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 53% met the provincial standard
Secondary
- Saint Michael Catholic High School4.3 km
Catholic · Niagara CDSB · 1190 students
Grade 10 literacy: 88% met the provincial standard
- Pope Francis Catholic Secondary School4.6 km
Catholic · Niagara CDSB · 190 students
- Niagara Catholic Online Secondary School4.6 km
Catholic · Niagara CDSB
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L2V
- Population
- 19,795
- Private dwellings
- 8,400
- Median age
- 37.6
- Average household size
- 2.5
- Median household income
- $80,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Niagara Falls · last 12 months
- Median sold price
- $560,000
- Homes sold
- 1,071
- Median days on market
- 31
- Sale-to-list price
- 96.2%
Based on 1,071 recorded sales of single family properties in Niagara Falls over the last 12 months.
Location
Mortgage Calculator
$152,000
Estimated Monthly Payment
$3,734
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,734/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $190/mo
Estimates only. Consult a financial advisor.
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