4999 Mcrae Street, Niagara Falls, ON

$789,000
MLS#:X13637840
6 beds
4 baths
2000-2500 sqft
6.0 parking
Residential Freehold
4999 Mcrae Street, Niagara Falls, ON L2E 1P2

Property Highlights

Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of 211 - Cherrywood. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $789,000 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.

  • 6 Bedrooms and 4 Bathrooms with 4 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 40 x 125 ft lot
  • Features a other basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available
  • Notable attributes: Storage Area Lockers, Accessory Apartment
  • equipped with other central cooling and highly efficient other heating via other

Description

Well-maintained multi-residential building at 4999 McRae Street, ideally positioned in central Niagara Falls. 4 units: 2 x 2 bedroom, 2 x 1 bedroom. Each unit offers a comfortable layout with a large living space and well-proportioned bedrooms, and residents enjoy on-site parking and laundry. Transit, downtown shops and restaurants, and the tourist corridor are all within easy reach - a location that keeps units rented. A solid addition to any portfolio. Great opportunity to live in one unit and have income from 3 units. Main unit on ground floor has private garden and driveway for 2 parking.

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Property Summary

This fourplex located at 4999 Mcrae Street, Niagara Falls is currently for sale and has been available on SousaSells for 2 days. This property is listed at $789,000 with an estimated mortgage of $2,626* per month. It has 6 beds, 4 bathrooms, and is 2000-2500 square feet. 4999 Mcrae Street, Niagara Falls is in the 211 - Cherrywood neighborhood.

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 6 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in 211 - Cherrywood, Niagara Falls.

Highly Recommended for Families
What We Love About This Home
  • 6 spacious bedroom layout offering versatile living space
  • 4 well-appointed bathrooms
  • 2000-2500 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in 211 - Cherrywood, Niagara Falls.

Target Buyer Match

Key Features

Bedrooms
6
Bathrooms
4
Kitchens
4
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date8/4/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeFourplex
Architectural Style2-Storey
ConstructionVinyl Siding
BasementOther
Lot Size40 × 125 Feet
CountyNiagara
Annual Tax$4,805
Legal DescriptionLt 64 Pl 307 Niagara Falls ; Niagara Falls

Parking & Garage

Parking Total6.0
Parking Space5
Garage TypeNone

Heating & Cooling

Heat SourceOther
Heat TypeOther
CoolingOther

Features

Property Features

None listed

Interior Features

  • Storage Area Lockers
  • Accessory Apartment

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 4999 Mcrae Street, Niagara Falls, ON

Q.What is the asking price for 4999 Mcrae Street, Niagara Falls, ON ?

The current listing price for 4999 Mcrae Street, Niagara Falls, ON in 211 - Cherrywood, Niagara Falls is $789,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 6 bedrooms and 4 bathrooms across approximately 2000-2500 sqft.

Q.What property type and architectural style is 4999 Mcrae Street, Niagara Falls, ON ?

4999 Mcrae Street, Niagara Falls, ON is a Fourplex (2-Storey) featuring a Other basement.

Q.What interior features are included in this home?

Interior highlights include: Storage Area Lockers, Accessory Apartment.

Q.Is parking available at this property?

Yes, this property offers parking space for 6.0 vehicles (None).

Q.What heating and cooling systems are installed?

Heating is provided via Other and cooling via Other.

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Location

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4999 Mcrae Street, Niagara Falls, ON

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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 4999 Mcrae Street, Niagara Falls, ON L2E 1P2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Niagara Falls.

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Interest Rate4.00%
Down Payment$236,700 (30.0%)
* Minimum Canadian down payment required for this price is $53,900.
Amortization Period30 Years
Estimated Monthly Payment$2,626Based on a loan of $552,300 over 30 years.
Purchase Price$789,000
Loan Amount$552,300
Provincial Land Transfer Tax:$12,255
Total Estimated Closing Taxes:$12,255

About Purchasing a Home in Niagara Falls, ON

For a property listed at $789,000 in Niagara Falls, the legal minimum down payment is $53,900 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 $12,255 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 $12,255.

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211 - Cherrywood, Niagara Falls Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 211 - Cherrywood, Niagara Falls.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,066,856

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Best Schools in 211 - Cherrywood, Niagara Falls

Elementary Schools

St Mary
Public5719 Morrison Street, Niagara Falls, Ontario, L2E 2E8
8.1
Valley Way
Public5315 Valley Way, Niagara Falls, Ontario, L2E 1X4
6.5
LaMarsh
Public4571 Drummond Road, Niagara Falls, Ontario, L2E 6C8
5.3
St Patrick
Public4653 Victoria Avenue, Niagara Falls, Ontario, L2E 4B8
6.6
Cherrywood Acres
Public4635 Pettit Avenue, Niagara Falls, Ontario, L2E 6L4
6.8

Secondary Schools

Stamford
Public5775 Drummond Road, Niagara Falls, Ontario, L2G 4L2
5.3
A N Myer
Public6338 O'Neil Street, Niagara Falls, Ontario, L2J 1M7
7.6

211 - Cherrywood, Niagara Falls Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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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.

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.