Price Reduction
4975 MCRAE STREET Niagara Falls, ON
$ 589,900
Property Attributes
  • MLS#40040404
  • TypeSingle Family
  • CityNiagara Falls
  • NeighbourhoodElgin
  • Postal CodeL2E 1P2
  • StyleTriplex
  • Price$ 589,900
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms0
Listing Provided Courtesy Of:
Royal LePage NRC Realty
Property Description

Amazing opportunity w/ THREE ABOVE GRADE RENTAL UNITS bringing in up $40,200.00 of rental income (and possibly more due to vacant unit)per year (when the main level is rented for $1600/month), in great location minutes from downtown core, tourist attractions and GO STATION! MAINFLOOR UNIT-THE LARGEST-JUST BECAME VACANT! PERFECT OPPORTUNITY TO MOVE IN OR RE-RENT TO TENANT OF YOUR CHOICE! 1693 sqft brick and cedar Two-storey, very well maintained w/excellent, responsible and respectful tenants. 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 $1800 pre month (inclusive). Upper 1 bedroom is an adorable loft apartment w/gas fireplace, newer carpet and completely renovated within the last few years with tenant currently paying $950 all inclusive. Upper bachelor apartment paying $800 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 carpet, updated bathroom, painted 2019, most LED fixtures changed throughout. *Two driveways (a single and a double) offers plenty of tenant parking. All leases are currently month-to-month.

Price History
11/5/2020 Listed $599,900
1/13/2021 2% - $589,900

General Features

Amenities Nearby Hospital, Public Transit
Basement Unfinished
Basement Type Full
Beds 4
Features Double width or more driveway
Garage no
Listing Type Investment
Number of Units 3
Parking no
Property Sub Type Triplex
Sewer Municipal sewage system
Structure Type Porch
Terms SALE
Wheel Chair Access no
Zoning R2

Interior Features

Bedrooms 4
Cooling Type None
Fireplace no
Heating Type Hot water radiator heat
Total Baths 3

Exterior Features

Exterior Finish Type Brick, Cedar shingles
Lot Frontage 55
Pool Y/N no
Water Type Municipality water


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in L2E 1P2

AVG $590K
AVG 26
AVG 57
Data Provided by Walkscore ® not using MLS data

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