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5 Cherry LANE
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Corman Park Rm No. 344 · Single Family · under $2,425,000 · 6+ bed · 5+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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A rare opportunity to reimagine a one-of-a-kind riverfront estate, privately set on 2.64 acres of mature, secluded grounds. This architecturally unique residence offers an exceptional canvas for buyers looking to renovate and personalize a truly distinctive home. At the heart of the property is a spectacular indoor pool and spa area approximately 1,500 sqft featuring a saltwater pool, hot tub, sauna, and greenhouse-style design. Surrounded by soaring full-height windows with western exposure, this light-filled space is ideal for transformation into a modern wellness retreat or showpiece entertaining area. The main living areas and kitchen are rich in character, showcasing stone flooring imported from Southern France (with natural fossils) and marble from Italy. These timeless materials provide a luxurious foundation for a contemporary redesign. Four fireplaces, expansive principal rooms, and seamless access to large patios and upper decks create strong indoor-outdoor living potential. The home offers 7 bedrooms and 6 bathrooms, including a second-level suite with private entry and deck; perfect for guests, extended family, or creative repurposing. A separate maid’s quarters adds further flexibility. Mechanically, the home is well-equipped with in-floor heating, on-demand hot water, air conditioning, auxiliary boiler, and separate air exchange systems for the pool and living areas supporting future upgrades with confidence. Outdoors, enjoy Japanese-inspired gardens, expansive patio spaces, and panoramic river views from the upper levels, an incredible backdrop to design your dream landscape. Complete with a heated triple attached garage, this is a rare chance to create a personalized luxury estate in an irreplaceable setting. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | ~ x ~ | |
| Games room | ~ x ~ |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 7' x 13' | |
| Living room | 24' x 17' | |
| Kitchen | 16'2 x 14'5 | |
| Family room | 26' x 20' | |
| Dining room | 17'3" x 11'7" | |
| Dining nook | 8'2" x 13'11" | |
| Den | 30' x 8'7" |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 19' x 12' | |
| Bedroom | 11' x 13' | |
| 4pc Bathroom | ~ x ~ | |
| Bedroom | 13' x 12' | |
| Bedroom | 8'5" x 12'4" | |
| 3pc Bathroom | ~ x ~ | |
| Bedroom | 9' x 7'7" | |
| Bedroom | 8' x 7'8" | |
| 4pc Bathroom | ~ x ~ | |
| Primary Bedroom | 21'8" x 17'1" | |
| 4pc Ensuite bath | ~ x ~ | |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 14, 2026.
| Bedroom |
| 13' x 11' |
| Den | 30' x 8'7" |
Location of this listing. Distances are straight-line.
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