For Sale: 4975 Mcrae Street, Niagara Falls, ON - REW
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$699,000
10 bd • 4 ba • 1500 - 1999 sf • Multifamily
4975 Mcrae Street
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$699,000
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4975 Mcrae StreetNiagara Falls, ON, L2E 1P2

  • 10 Bed
  • 4 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: DEEPAK ARORA, Salesperson, HOMELIFE/MIRACLE REALTY LTD, BROKERAGE

Home facts and features

Price details
List Price
$699,000
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Gross Taxes for 2026
$3,795
Home facts
Bedrooms
10
Full Bathrooms
4
Parking Spaces
6
Parking Details
No Garage
Property Type
Multifamily
Depth
79 feet
Frontage
55.0 feet
Exterior Finish
Brick, Vinyl siding
Heating Type
Radiant heat, Other
Basement Details
Full, Apartment in basement, Separate entrance, ,
Features
Fireplace(s), In-Law Suite, Smoke Detectors
Appliances
Dishwasher, Dryer, Refrigerator, Stove, Washer, Water Heater, Water meter
Agent details
Primary Agent
DEEPAK ARORA
Primary Broker
HOMELIFE/MIRACLE REALTY LTD, BROKERAGE
Listing details
Days on REW
36 Days
MLS® Number
X13448642
Source
Canadian Real Estate Association
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Property Insights

Simcoe Street Public School
  • Public
  • JK - 8
Valley Way Public School
  • Public
  • JK - 8
St Patrick Catholic Elementary School
  • Catholic
  • JK - 8
St Mary Catholic Elementary School
  • Catholic
  • JK - 8
ÉÉC Saint-Antoine
  • Catholic
  • JK - 8
Stamford Collegiate
  • Public
  • 9 - 12
É Élém LaMarsh
  • Public
  • JK - 8
Cherrywood Acres Public School
  • Public
  • JK - 8
Princess Margaret Public School
  • Public
  • JK - 8
John Marshall Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
DEEPAK ARORA
Phone:
(416) 473-0908
Office:
416-289-3000
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