Homes for sale - 4975 MCRAE ST, Niagara Falls, ON L2E 1P2

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Stjepan Rasic

Remax Escarpment

stjepan@rasicteam.ca +1(905) 901-1596

$ 749,000

Est. payment | -/mo

7 Beds

4 Baths

Save Virtual Tour

$ 749,000

Est. payment | -/mo

Save Virtual Tour

7 Beds

4 Baths

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/

Lited by HOMELIFE/MIRACLE REALTY LTD

4975 MCRAE ST Niagara Falls, ON L2E 1P2