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

For more information regarding the value of a property, please contact us for a free consultation.

6 Beds
4 Baths
2,396 SqFt
SOLD DATE : 03/22/2024

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

Bedrooms 6

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

Rooms

Kitchen 0

Interior

Heating Radiant

Cooling Other

Laundry Common Area, In-Suite

Exterior

Waterfront No

Roof Type Asphalt Shing

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

Story 2.5

Foundation Block

Sewer Sewer (Municipal)

Water Municipal

Structure Type Vinyl Siding

New Construction No

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
The Real Estate Boutique Brokerage Inc

The Real Estate Boutique Brokerage Inc

+1(905) 332-2207

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by RE/MAX ESCARPMENT REALTY INC., BROKERAGE

Get More Information

The Real Estate Boutique Brokerage Inc

+1(905) 332-2207

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Free Account Required