Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Duplex
Amenities:
Basement Type: N/A, N/A, Full
Exterior Finish: Brick, Vinyl siding
Fire Protection: Smoke Detectors
Fireplace: Yes
Floor Space: 1500 - 2000 sqft
Foundation Type: Concrete
Heating Type: Radiant heat
Heating Fuel: Other
Cooling Type: None
Appliances: Water meter, Dishwasher, Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 5+5
Bathrooms: 4
Amenities Nearby: Hospital, Park
Features:
Fence Type: Fenced yard
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 79 Feet
Lot Frontage: 55 Feet
Lot Size: 55 x 79 FT
Structure Type: Porch
Utility Type: Cable - Available, Hydro - Installed, Sewer - Installed
View Type: View
Zoning: R2
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 6

Courtesy of: HOMELIFE/MIRACLE REALTY LTD

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Demographic Information of 4975 MCRAE STREET, Niagara Falls, Ontario, L2E 1P2

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$78,561.02

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.34 %

High school certificate or equivalent

32.23 %

Apprenticeship trade certificate/diploma

6.18 %

College/non-university certificate

20.21 %

University certificate (below bachelor)

0.47 %

University Degree

19.56 %

Commuter

Travel To Work

By Car

90.04 %

By Public Transit

0.0 %

By Walking

5.14 %

By Bicycle

0.0 %

By Other Methods

4.82 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.35 %

Houses

78.65 %

4975 MCRAE STREET, Niagara Falls, Ontario, L2E 1P2