4975 MCRAE ST new Save Request In-Person Tour Request Virtual Tour
Niagara Falls,ON L2E 1P2
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 211 - Cherrywood
MLS Listing ID X12286064
Style 2-Storey
Bedrooms 7
Building Age 100+
Annual Tax Amount $3,412
Tax Year 2025
Property Sub-Type Duplex
Property 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.
Location
Province ON
County Niagara
Community 211 - Cherrywood
Area Niagara
Zoning R2
Rooms
Basement Apartment,Separate Entrance
Kitchen 4
Interior
Interior Features In-Law Suite,Separate Hydro Meter,Water Heater,Water Meter
Cooling None
Fireplaces Number 1
Fireplaces Type Natural Gas
Inclusions 1 Fridge, 1 Stove, 1 dishwasher for front main unit U1; 1 Fridge, 1 Stove, for back right unit upstairs unit U2; 1 Fridge, 1 Stove, for back left unit upstairs unit U3; 1 Coin Washer and 1 Coin Dryer installed in shared laundry room. Window ACs can be installed by the buyer at their own expense.
Exterior
Exterior Feature Porch Enclosed,Privacy,Year Round Living
Parking Features None
Pool None
View Clear
Roof Type Asphalt Shingle
Total Parking Spaces 6
Building
Foundation Concrete
New Construction false
Others
ParcelsYN No
Virtual Tour https://mississaugavirtualtour.ca/UzJuly2025/July11UnbrandedB/