4857 McRae Street, Niagara Falls, ON

$724,000
MLS#:X11893793
5 beds
3 baths
2000-2500 sqft
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] detached located in the coveted neighborhood of 211 - Cherrywood. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $724,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 40 x 127 ft lot
  • Features a ["finished", "walk-up"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available
  • Notable attributes: In-Law Suite
  • equipped with ["wall unit(s)"] central cooling and highly efficient water heating via gas

Attention Families, Investors, and First-Time Home Buyers! This Stunning Character Home is in the Heart of Niagara Falls! This oversized 2-storey residence perfectly blends classic charm with modern amenities. Featuring three spacious bedrooms, three bathrooms, and two kitchens, this home offers exceptional versatility with its two separate entrances and a finished basement ideal for in-law potential. Step onto the covered front porch and enter the main floor, which boasts a formal living room and a dining room that opens to a delightful 3-season sunroom. The large eat-in kitchen includes appliances, while the main floor bath features a beautiful standalone tub and a tiled shower. The second floor presents three generously sized bedrooms with closets, along with a 4-piece bath that includes a double vanity and a tiled shower. An unfinished attic can be accessed via a full walk-up staircase, providing additional potential. The basement, with its separate side entrance, includes a second kitchen, a 3-piece bath with a shower, and a spacious recreation room with endless possibilities with tenants already in place. This home showcases beautiful original trim, doors, and hardwood floors harmoniously complemented by modern touches. Applianes and furniture are included, and you can choose your closing date! Located within walking distance to Niagara Falls, Casino Niagara, Clifton Hill, and various shopping and dining options, this property offers easy access to Highway 420 and the QEW for convenient travel to Toronto and the USA. Ideal property for short or long-term rental. An exceptional investment opportunity generating income of over $70,000/year! NEW FURNACE

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Key Features

Bedrooms
5
Bathrooms
3
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 15, 2025
Sold price information is available to members only
Listed Date12/16/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionStucco (Plaster)
BasementFinished, Walk-Up
Lot Size40 × 127 Feet
CountyNiagara
Annual Tax$3,207.97
Legal DescriptionLT 47 PL 307 NIAGARA FALLS ; NIAGARA FALLS

Parking & Garage

Parking Spaces5.0
Garage Spaces5
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeWater
CoolingWall Unit(s)

Features

Property Features

Public Transit, River/Stream, School, School Bus Route, Rec./Commun.Centre, Park

Interior Features

In-Law Suite

Security Features

Community Features

Location

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4857 McRae Street, Niagara Falls, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 4857 McRae Street, Niagara Falls, ON L2E 1N9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$579,200
Monthly Mortgage$3,365
Property Tax (Est.)$267
Utilities & Maint.$350
Total Monthly Cost$3,982

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Niagara Falls.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 211 Cherrywood, Niagara Falls.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$850,000

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

LaMarsh
Public4571 Drummond Road, Niagara Falls, Ontario, L2E 6C8
5.3
Cherrywood Acres
Public4635 Pettit Avenue, Niagara Falls, Ontario, L2E 6L4
6.8
Greendale
Public5504 Montrose Road, Niagara Falls, Ontario, L2H 1K7
7.9
Princess Margaret
Public6624 Culp Street, Niagara Falls, Ontario, L2G 2C4
8.5
St Mary
Public5719 Morrison Street, Niagara Falls, Ontario, L2E 2E8
8.1

Secondary Schools

Stamford
Public5775 Drummond Road, Niagara Falls, Ontario, L2G 4L2
5.3
Westlane
Public5960 Pitton Road, Niagara Falls, Ontario, L2H 1T5
6.3

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.