5267 MCRAE St
211 - Cherrywood, Niagara Falls, L2E 1P9
FOR SALE
$619,900
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4 + 1
BEDROOMS3
BATHROOMS2 + 1
KITCHENS11 + 5
ROOMSX10413889
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Property Description
Investment Opportunity in Niagara Falls! This 3-unit multi-residential property is walking distance to the Clifton Hill tourist district. This renovated duplex with an in-law suite features a main floor 2-bedroom unit, another 2-bedroom unit on the second floor, and a cozy 1-bedroom unit in the basement. There's shared laundry in the lower level and ample parking, including a double detached garage. Conveniently located near transportation, the Go station, and highways- ideal for investors or live in one unit while tenants pay your mortgage.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-04-08 | 2024-06-24 | 77 | $649,900 | - | Terminated |
| 2023-10-19 | 2024-01-31 | 105 | $675,000 | - | Expired |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
40' x 123'
Acreage
< .50
Taxes
$2,890 (2023)
Basement
Sep Entrance, W/O
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
6
Driveway
Other
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Other | Main | 9.58' x 14.50' | |
| Living | Main | 11.09' x 14.07' | |
| Prim Bdrm | Main | 11.52' x 11.75' | |
| Br | Main | 7.09' x 14.57' | |
| Kitchen | 2nd | 8.01' x 8.60' | |
| Dining | 2nd | 8.07' x 8.60' | |
| Living | 2nd | 9.58' x 8.60' | |
| Prim Bdrm | 2nd | 8.60' x 12.07' | |
| Br | 2nd | 8.50' x 9.25' | |
| Living | Bsmt | 11.25' x 12.07' | |
| Other | Bsmt | 8.60' x 12.76' | |
| Br | Bsmt | 4.99' x 10.66' |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5267 MCRAE St is a 4-bedroom 3-bathroom home listed for sale at $619,900, which is $89,983 (12.7%) lower than the average sold price of $709,883 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in Niagara Falls declined by $116,117 (14.1%) compared to the previous 30 day period (September 21 - October 20) and up $57,883 (8.9%) from the same time one year ago.Inventory Change
There were 38 4-bedroom homes listed in Niagara Falls over the last 30 days (October 21 - November 19), which is down 0.0% compared with the previous 30 day period (September 21 - October 20) and up 35.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Niagara Falls typically sold ($18,961) (2.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $1,488 increase compared to the previous 30 day period (September 21 - October 20) and ($22,000) 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 4-bedroom homes in Niagara Falls over the last 30 days (October 21 - November 19) stood at 839.5%, up from 31.6% over the previous 30 days (September 21 - October 20) and up from 17.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-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 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Revel Realty Inc., Brokerage
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