$810,000
$810,000
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4902 MCRAE St Niagara Falls, ON L2E 1N8
4 Baths
2,396 SqFt
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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