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4975 Mcrae Street Niagara Falls, Ontario L2E 1P2

7 Bedroom 4 Bathroom 1500 - 2000 sqft
Fireplace Radiant Heat

$749,000

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. (id:60365)

Property Details

MLS® Number X12286064
Property Type Multi-family
Community Name 211 - Cherrywood
AmenitiesNearBy Hospital, Park, Place Of Worship
EquipmentType Water Heater - Gas
Features In-law Suite
ParkingSpaceTotal 6
RentalEquipmentType Water Heater - Gas
Structure Porch
ViewType View

Building

BathroomTotal 4
BedroomsAboveGround 5
BedroomsBelowGround 2
BedroomsTotal 7
Age 100+ Years
Amenities Fireplace(s), Separate Electricity Meters
Appliances Water Heater, Water Meter, Dishwasher, Dryer, Stove, Washer, Refrigerator
BasementFeatures Apartment In Basement, Separate Entrance
BasementType N/a
ExteriorFinish Brick, Vinyl Siding
FireProtection Smoke Detectors
FireplacePresent Yes
FireplaceTotal 1
FoundationType Concrete
HeatingType Radiant Heat
StoriesTotal 2
SizeInterior 1500 - 2000 Sqft
Type Duplex
UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
FenceType Fenced Yard
LandAmenities Hospital, Park, Place Of Worship
Sewer Sanitary Sewer
SizeDepth 79 Ft
SizeFrontage 55 Ft
SizeIrregular 55 X 79 Ft
SizeTotalText 55 X 79 Ft|under 1/2 Acre
ZoningDescription R2

Utilities

Cable Available
Electricity Installed
Sewer Installed

https://www.realtor.ca/real-estate/28607956/4975-mcrae-street-niagara-falls-cherrywood-211-cherrywood

Deepak Arora
Salesperson


Homelife/miracle Realty Ltd
22 Slan Avenue
Toronto, Ontario M1G 3B2

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