5020 Mcrae Street, Niagara Falls, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Cherrywood. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $639,900 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 1500-2000 sqft on a premium 35 x 120 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- Ample parking with 2.0 garage spaces (5.0 total parking spaces) with a convenient attached configuration
- Notable attributes: Auto Garage Door Remote, Storage
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 5020 McRae Street, a character-filled single-family detached home offering approx. 1,780 sq. ft. above grade plus approx. 500 sq. ft. of finished basement space. The bright main floor features an inviting living room with a beautiful wood-burning fireplace and classic brick surround. The spacious kitchen offers white cabinetry, gas range, stainless steel dishwasher, built in microwave, ceramic tile backsplash, generous counter space, additional pantry cabinetry and a freestanding storage station. A 2-piece bath and main-floor laundry add everyday convenience, while updated light fixtures throughout give the home a fresh, modern feel. Upstairs are 3 bedrooms, a 4-piece bath and charming solarium. Continue up to the impressive fully finished loft, currently used as the primary bedroom. At approx. 400 sq. ft., it features a walk-in closet, additional hidden storage, space for a desk/work area and cozy reading nook, with plenty of room for a king-size bed and additional furnishings. Portable A/C included. The fully finished basement adds approx. 500 sq. ft. and features a family room, kitchen, bedroom, 3-piece bath with stand-up shower, laundry, LED pot lights, an operable awning-style window and separate exterior entrance-providing plenty of additional space for the household to enjoy. Outside, enjoy a fully fenced yard, 2-car garage, private double driveway and additional gravel parking. Pedestrian gates on both sides plus an exceptionally wide gated opening provide convenient backyard access for an RV, boat, trailer or larger equipment. TURNKEY OPTION: Sellers are open to selling the home fully furnished, including existing furniture and additional appliances, by separate negotiation. Furnishings are not included in the asking price.
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Property Summary
This detached home located at 5020 Mcrae Street, Niagara Falls is currently for sale and has been available for 1 day. This property is listed at $639,900 with an estimated mortgage of $2,130* per month. It has 5 beds, 3 bathrooms, and is 1500-2000 square feet. 5020 Mcrae Street, Niagara Falls is in the Cherrywood neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Cherrywood, Niagara Falls.
- •5 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Cherrywood, Niagara Falls.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Fenced Yard
- Hospital
- Place Of Worship
- Park
- School Bus Route
- Public Transit
Interior Features
- Auto Garage Door Remote
- Storage
Security Features
None listed
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Niagara Falls?
If you are looking for a house in Niagara Falls or researching Niagara Falls real estate for sale, this 5-bedroom detached at 5020 Mcrae Street, Niagara Falls, ON offers an exceptional opportunity to buy a home in Niagara Falls, Ontario. Whether you are a first-time Niagara Falls home buyer or comparing active Niagara Falls MLS® homes for sale, working with a dedicated Niagara Falls buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Niagara Falls Buyer Budget & Costs
Estimated mortgage: $2,130*/month*. Estimated Ontario Land Transfer Tax: $9,273. First-time Niagara Falls home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Niagara Falls
Frequently Asked Questions about 5020 Mcrae Street, Niagara Falls, ON
Q.What is the asking price for 5020 Mcrae Street, Niagara Falls, ON ?
The current listing price for 5020 Mcrae Street, Niagara Falls, ON in Cherrywood, Niagara Falls is $639,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 3 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 5020 Mcrae Street, Niagara Falls, ON ?
5020 Mcrae Street, Niagara Falls, ON is a Detached (2 1/2 Storey) featuring a Finished, Separate Entrance basement.
Q.What key property features does 5020 Mcrae Street, Niagara Falls, ON offer?
Key property features include: Fenced Yard, Hospital, Place Of Worship, Park, School Bus Route, Public Transit.
Q.What interior features are included in this home?
Interior highlights include: Auto Garage Door Remote, Storage.
Q.Is parking available at this property?
Yes, this property offers parking space for 5.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Cherrywood, Niagara Falls
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 5020 Mcrae Street, Niagara Falls, ON L2E 1P3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Niagara Falls, ON
For a property listed at $639,900 in Niagara Falls, the legal minimum down payment is $38,990 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 $9,273 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 $9,273.
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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.
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