Niagara Falls, ON L2E 1N8,4902 MCRAE St
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Niagara Falls, ON L2E 1N8,4902 MCRAE St
Niagara Falls, ON L2E 1N8,4902 MCRAE St
Niagara Falls, ON L2E 1N8,4902 MCRAE St
Niagara Falls, ON L2E 1N8,4902 MCRAE St

$810,000

Est. payment /mo

$810,000

Est.Price: ?

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4902 MCRAE St Niagara Falls, ON L2E 1N8

4 Baths

2,396 SqFt

SOLD DATE : 08/30/2024

Key Details

Sold Price $810,000

Property Type Investment

Sub Type Investment

Listing Status Sold

Purchase Type For Sale

Square Footage 2,396 sqft

Price per Sqft $338

Subdivision Niagara Falls

MLS Listing ID X8493931

Annual Tax Amount $4,348

Tax Year 2023

Lot Size 2,396 Sqft

Property Sub-Type Investment

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 Ontario

Area Niagara

Zoning R2

Interior

Heating Radiant

Cooling Other

Exterior

Parking Features None

Building

Sewer Sewers

Water Municipal

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Listed by RE/MAX ESCARPMENT REALTY INC., BROKERAGE
agent

Jethro Seymour

Broker

+1(416) 712-0767

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