We spent a week in this house as part of a tour or Canada and it was definitely our favourite rental of our month long holiday. It was beautifully furnished and had a gorgeous deck to sit out on and watch the boats along the canal. It's about a 30 minute walk to the falls but the added bonus of bikes meant that we could zip down there in minutes.
The owners, who were really helpful, live just across the street. Chippawa is a lovely old village with everything you could need nearby. It was a fabulous place to spend a week and see the beauty of the area without being in the thick of the hustle of niagara.