4857 McRae Street, Niagara Falls, ON

$724,000
MLS#:X11893793
5 beds
3 baths
2000-2500 sqft
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] detached located in the coveted neighborhood of 211 - Cherrywood. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $724,000 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.

  • 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 40 x 127 ft lot
  • Features a ["finished", "walk-up"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available
  • Notable attributes: In-Law Suite
  • equipped with ["wall unit(s)"] central cooling and highly efficient water heating via gas

Attention Families, Investors, and First-Time Home Buyers! This Stunning Character Home is in the Heart of Niagara Falls! This oversized 2-storey residence perfectly blends classic charm with modern amenities. Featuring three spacious bedrooms, three bathrooms, and two kitchens, this home offers exceptional versatility with its two separate entrances and a finished basement ideal for in-law potential. Step onto the covered front porch and enter the main floor, which boasts a formal living room and a dining room that opens to a delightful 3-season sunroom. The large eat-in kitchen includes appliances, while the main floor bath features a beautiful standalone tub and a tiled shower. The second floor presents three generously sized bedrooms with closets, along with a 4-piece bath that includes a double vanity and a tiled shower. An unfinished attic can be accessed via a full walk-up staircase, providing additional potential. The basement, with its separate side entrance, includes a second kitchen, a 3-piece bath with a shower, and a spacious recreation room with endless possibilities with tenants already in place. This home showcases beautiful original trim, doors, and hardwood floors harmoniously complemented by modern touches. Applianes and furniture are included, and you can choose your closing date! Located within walking distance to Niagara Falls, Casino Niagara, Clifton Hill, and various shopping and dining options, this property offers easy access to Highway 420 and the QEW for convenient travel to Toronto and the USA. Ideal property for short or long-term rental. An exceptional investment opportunity generating income of over $70,000/year! NEW FURNACE

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Key Features

Bedrooms
5
Bathrooms
3
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 15, 2025
Sold price information is available to members only
Listed Date12/16/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionStucco (Plaster)
Lot Size40 × 127 Feet
CountyNiagara
Annual Tax$3,207.97
Legal DescriptionLT 47 PL 307 NIAGARA FALLS ; NIAGARA FALLS

Parking & Garage

Parking Spaces5.0
Garage Spaces5
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeWater
Cooling["Wall Unit(s)"]

Features

Property Features

Public Transit, River/Stream, School, School Bus Route, Rec./Commun.Centre, Park

Community Features

Location

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4857 McRae Street, Niagara Falls, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 4857 McRae Street, Niagara Falls, ON L2E 1N9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$579,200
Monthly Mortgage$3,365
Property Tax (Est.)$267
Utilities & Maint.$350
Total Monthly Cost$3,982

Strategic Fiscal Clarity

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