Niagara Falls, ON L2E 1N8,4902 Mcrae Street
Niagara Falls, ON L2E 1N8,4902 Mcrae Street
Niagara Falls, ON L2E 1N8,4902 Mcrae Street
41
$730,000
$810,000
9.9%
Est.Price: ?

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6 BD
4 BA
2,396 SqFt

4902 Mcrae Street Niagara Falls, ON L2E 1N8

Est. payment /mo
SOLD DATE : 03/22/2024

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Key Details

Sold Price $730,000

Property Type Multi-Family

Sub Type Multi-4 Unit

Listing Status Sold

Purchase Type For Sale

Square Footage 2,396 sqft

Price per Sqft $304

MLS Listing ID 40536710

Sold Date 03/22/24

Bedrooms 6

Abv Grd Liv Area 2,396

Originating Board Niagara

Annual Tax Amount $4,348

Property Description

Exceptional Investment Opportunity Awaits! Introducing a distinguished 4-unit
multi-residential property, brimming with original charm and character, located
within walking distance to the bustling casino and vibrant tourist attractions.
This investment gem is a lucrative venture for any savvy investor, offering a
mix of 2 one-bedroom units and 2 spacious two-bedroom units, all nestled on a
fully fenced and well-maintained 120 ft deep lot. Recent upgrades have
significantly enhanced the property's value, including a new roof and boiler
system both added in 2021, along with over $200,000 invested in renovations and
further upgrades. The commitment to safety is evident with a comprehensive fire
alarm system, an updated fire panel as of June 2015, and other infrastructure
improvements like a rebuilt front porch (2020), updated fencing (2019), a new
boiler control panel (2012), a modern hydro panel (2007), and an owned hot water
heater (replaced in 2017). This property is more than just a building; it
represents a turnkey investment with a proven track record of profitability and a
potential for even greater returns, positioned in a sought-after location.

Location

Province ON

County Niagara

Area Niagara Falls

Zoning R2

Direction Victoria to Mcrae Street

Rooms

Basement Separate Entrance, Full, Unfinished

Kitchen 0

Interior

Interior Features Other

Heating Radiant

Cooling Other

Fireplace No

Appliance Hot Water Tank Owned, Microwave, Dryer, Refrigerator, Stove, Washer

Laundry Common Area, In-Suite

Exterior

Roof Type Asphalt Shing

Porch Porch

Lot Frontage 38.09

Lot Depth 120.27

Garage No

Building

Lot Description Airport, City Lot, Highway Access, Hospital, Library, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, Regional Mall, Schools, Shopping Nearby

Faces Victoria to Mcrae Street

Story 2.5

Foundation Block

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2.5

Structure Type Vinyl Siding

New Construction No

Others

Senior Community false

Tax ID 643410033

Ownership Freehold/None

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Listed by RE/MAX ESCARPMENT REALTY INC., BROKERAGE

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Diana Winger

Agent | License ID: BRBM2358

+1(226) 705-3369

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