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4975 MCRAE Street

211 - Cherrywood Niagara L2E 1P2

$749,000

Residential Freehold beds: 5+2 baths: 4.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

X12286064

Bedrooms:

5+2

Bathrooms:

4

• Photos (46)

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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.

General Info:

Under Contract:

Hot Water Tank-Gas

Property Type:

Residential Freehold

Property Sub Type:

Duplex

Property Attached:

Yes

Home Style:

2-Storey

Approx. Age:

100+

Total Approx Floor Area:

1500-2000

Lot Size:

<.50

Depth:

79'24.1 m

Frontage:

55'16.8 m

Lot Shape:

Rectangular

Lot Details:

79 x 55

Direction Faces:

South

Bedrooms:

5+2

Bathrooms:

4.0

Water supply:

Municipal

Kitchens:

4

Kitchens in Basement:

1

Bedrooms Above Grade:

5

Bedrooms Below Grade:

2

Kitchens Above Grade:

3

Rooms Above Grade:

7

Rooms Below Grade:

3

Zoning:

R2

Additional Info:

Heating type:

Radiant

Heating Fuel:

Other

Fireplaces:

1

Cooling:

No

New Construction:

No

Foundation:

Concrete

Roof:

Asphalt Shingle

Basement:

Apartment, Separate Entrance

Fireplace Features:

Natural Gas

Fireplace/Stove:

Yes

Garage:

None

Garage Spaces:

0.0

Parking Features:

Available

Parking Spaces:

6

Total Parking Spaces:

6.0

Family Room:

Yes

Possession Details:

Immediate

Pool:

None

Financial Info:

HST Applicable To Sale Price:

Included In

Taxes:

$3,412 / 2025

Assessment:

$- / -

Listing Area:

Niagara Falls

Listing Sub-Area:

211 - Cherrywood

County Or Parish:

Niagara

Property Features / Area Influences:

Hospital, Clear View, Fenced Yard, Library, Park, Place Of Worship

Interior Features:

In-Law Suite, Separate Hydro Meter, Water Heater, Water Meter

Exterior Features:

Porch Enclosed, Privacy, Year Round Living

Security Features:

Carbon Monoxide Detectors, Smoke Detector

Rental Items:

Hot Water Heater

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.

Exclusions:

All furniture and appliances in the basement

Lease to Own Equipment:

None

Exterior Finish:

Brick, Vinyl Siding

Elevator:

No

Retirement:

No

Waterfront:

None

View:

Clear

Other Details:

Utilities Cable:

Available

Utilities Telephone:

Available

Utilities Gas:

Available

Utilities Hydro:

Yes

Utilities Water:

Yes

Sewers:

Yes

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

Yes

Laundry Level:

Main Level

Listing Info:

Date Listed:

Jul 15, 2025

Original Price:

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Previous Price:

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Listed by HOMELIFE/MIRACLE REALTY LTD

Data was last updated July 17, 2025 at 04:15 AM (UTC)

Area Statistics

Listings on market:

14

Avg list price:

$609,900

Min list price:

$399,900

Max list price:

$1,400,000

Avg days on market:

53

Min days on market:

2

Max days on market:

195

These statistics are generated based on the current listing's property type and located in Niagara Falls. Average values are derived using median calculations. This data is not produced by the MLS® system.

Get market change alerts

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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