4975 Mcrae Street, Niagara Falls, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of 211 - Cherrywood. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $699,000 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.
- 10 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 55 x 79 ft lot
- Features a apartment, separate entrance, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: In-Law Suite, Water Heater, Water Meter
- Efficient radiant heating via other
Description
Welcome to this stunning, non-conforming, move-in ready Multiplex (four units with three separate, above grade, independent units and one finished basement unit) having potential rental income of $53,700 per annum from above grade units (U1, U2, U3) and stay in the beautifully finished 2 bedroom basement for free. This house is completely renovated, freshly painted with many new appliances. It is in great location with minutes from downtown core, tourist attractions and GO Station. MAINFLOOR UNIT-THE LARGEST VACANT PERFECT OPPORTUNITY TO MOVE IN OR RE-RENT TO TENANT OF YOUR CHOICE! 1693 sqft brick and vinyl siding Two-storey, very well maintained property. 3 bedroom main floor apartment offers a spacious rental w/exclusive space of huge covered front porch. Main floor unit could easily rent for approximately $2300 per month (all inclusive). Upper VACANT 1 bedroom at the back is an adorable loft apartment w/gas fireplace, brand new vinyl flooring and completely renovated within the last few years with previous tenant paying $1300 (all inclusive). Upper bachelor apartment paying $875 (all inclusive). Many big ticket items completed: Rear stairs rebuilt, electrical updated, sump pump w/reverse flow valve and backup installed 2020, rear fence 2019, poured concrete walkway added, porch rebuilt 2019, most windows replaced 2019, front wall and half of each side of basement walls waterproofed w/ lifetime warranty 2019, main stack replaced 2018, main floor apartment: newer stairs carpet, newer vinyl flooring, newer dishwasher and fridge, updated bathroom, freshly painted, most LED fixtures changed throughout. Two driveways (a single and a double) offers plenty of tenant parking.
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Hospital, Clear View, Fenced Yard, Library, Park, Place Of Worship
Interior Features
In-Law Suite, Water Heater, Water Meter
Security Features
Carbon Monoxide Detectors, Smoke Detector
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 4975 Mcrae Street, Niagara Falls, ON L2E 1P2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Niagara Falls.
Configure Loan Settings
About Purchasing a Home in Niagara Falls, ON
For a property listed at $699,000 in Niagara Falls, the legal minimum down payment is $44,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $10,455 for this transaction. As this listing is in Niagara Falls (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,455.
Nearby Listings
No current listings found in Niagara Falls.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Niagara Falls.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.