4857 McRae St

Niagara Falls, L2E 1N9
FOR SALE
$799,900
4857 McRae St, Niagara Falls
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
4857 McRae St
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3 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
6 + 4
ROOMS
X9294966
MLSID
Contact Us
Property Description
**Welcome to 4857 McRae Street, Niagara Falls** Discover this impressive over 2000 sqft two-storey home featuring 9 ft ceilings and an open-concept living and dining area. Enjoy a sunroom off the dining room and a covered porch adjacent to the kitchen. This property includes all furniture, two fully equipped kitchens, three full bathrooms (one on each level), and a separate entrance to a two-bedroom basement unit. Additional highlights include five parking spaces plus a spacious fenced-in yard. With all furniture included, this home is move-in ready. The basement unit presents an excellent investment opportunity for savvy investors, while the unfinished walk-up attic offers potential for further development. Located within walking distance to the Falls, Niagara Parkway, parks & trails, Casino, GO Station, restaurants, hotels, Niagara Falls University, QEW to Toronto, and the U.S. border, this property is ideal for short and long-term rental, with existing tenants in the basement unit. Don't miss this exceptional investment opportunity with a potential income of over $70,000/year! Vacant possession is possible.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2020-07-01 2020-08-13 44 $499,900 $490,000 Sold
2020-07-02 2020-08-13 42 $499,900 $490,000 Sold
2020-03-16 2020-06-27 103 $550,000 - Terminated
Property Features
Park, Public Transit, Rec Centre, River/Stream, School, School Bus Route
Property Details
Street
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
40' x 127'
Acreage
< .50
Fronting
North
Taxes
$3,208 (2024)
Basement
Finished, Walk-Up
Exterior
Stucco/Plaster
Heat Type
Water
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
5
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain27.99' x 38.02', Combined W/Den
KitchenMain14.01' x 14.01'
BathroomMain8.01' x 12.99'
Prim Bdrm2nd13.25' x 27.00'
2nd Br2nd12.99' x 13.16'
3rd Br2nd13.09' x 13.25'
Bathroom2nd7.58' x 9.51'
RecBsmt12.01' x 12.99'
KitchenBsmt13.09' x 13.09'
4th BrBsmt13.09' x 13.09'
5th BrBsmt13.09' x 13.09'
BathroomBsmt6.99' x 8.99'
Niagara Falls Market Statistics
Niagara Falls Price Trend
4857 McRae St is a 3-bedroom 3-bathroom home listed for sale at $799,900, which is $225,853 (39.3%) higher than the average sold price of $574,047 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls declined by $74,808 (11.5%) compared to the previous 30 day period (September 21 - October 20) and down $83,258 (12.7%) from the same time one year ago.
Inventory Change
There were 52 3-bedroom homes listed in Niagara Falls over the last 30 days (October 21 - November 19), which is down 32.5% compared with the previous 30 day period (September 21 - October 20) and up 30.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($13,271) (2.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $8,140 increase compared to the previous 30 day period (September 21 - October 20) and ($25,427) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Niagara Falls over the last 30 days (October 21 - November 19) stood at 2,753.8%, up from 58.4% over the previous 30 days (September 21 - October 20) and up from 45.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Niagara Falls stood at 27 days when successfully sold over the last 30 days (October 21 - November 19), compared to 57 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Dynamics Realty
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