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    For Sale - 4975 Mcrae Street, Niagara Falls, Ontario

    Est payment $3,357/mo
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    Views   2
    Time on Jump  8 day

    AI Summary *

    • Move-in ready multiplex with potential rental income from three above-grade units.
    • Beautifully finished two-bedroom basement unit available for owner occupancy.
    • Great location minutes from downtown, attractions, and GO Station.
    • Main floor unit has spacious layout with exclusive covered porch area.
    • Multiple driveways provide ample parking for tenants.




    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.
    Listing IDX13448642
    Address4975 Mcrae Street
    CityNiagara Falls, Ontario
    Price$699,000
    Bed / Bath10 / 4 Full
    Style2-Storey, Duplex
    ConstructionBrick, Vinyl Siding
    Land Size4413
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features In-Law Suite, Water Heater, Water MeterOutdoor Features Porch Enclosed, Privacy, Year Round LivingAmenities Hospital, Clear View, Fenced Yard, Library, Park, Place Of WorshipOwnership FreeholdViews ClearWaterfront NoneBasement Apartment, Separate Entrance, FullFoundation ConcreteHeating / Cooling RadiantHeating Fuel OtherSewer Sewer

    Parking 6.00
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    Listing Agency:  HOMELIFE/MIRACLE REALTY LTD

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

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    4975 Mcrae Street
    Niagara Falls , Ontario
    10 4 $699,000
    Get more info