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4975 Mcrae Street

Beds 4
Baths 3
MLS® Number 40040404
$589,900
City Niagara Falls
Neighbourhood 212 - Morrison
Province Ontario
Postal Code L2E1P2
Property Style
Ownership Type Freehold
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Listing Courtesy Of Royal Lepage Nrc Realty

Amazing opportunity w/ THREE ABOVE GRADE RENTAL UNITS bringing in up $40,200.00 of rental income (and possibly more due to vacant unit)per year (when the main level is rented for $1600/month), in great location minutes from downtown core, tourist attractions and GO STATION! MAINFLOOR UNIT-THE LARGEST-JUST BECAME VACANT! PERFECT OPPORTUNITY TO MOVE IN OR RE-RENT TO TENANT OF YOUR CHOICE! 1693 sqft brick and cedar Two-storey, very well maintained w/excellent, responsible and respectful tenants. 3 bedroom main floor apartment offers a spacious rental w/exclusive space of huge covered front porch. Main floor unit could easily rent for approximately $1800 pre month (inclusive). Upper 1 bedroom is an adorable loft apartment w/gas fireplace, newer carpet and completely renovated within the last few years with tenant currently paying $950 all inclusive. Upper bachelor apartment paying $800 all inclusive. Many big ticket items completed: Rear stairs rebuilt, electrical updated, sump pump w/reverse flow valve and backup installed 2020, rear fence 2019, poured concrete walkway added, porch rebuilt 2019, most windows replaced 2019, front wall and half of each side of basement walls waterproofed w/ lifetime warranty 2019, main stack replaced 2018, main floor apartment: newer carpet, updated bathroom, painted 2019, most LED fixtures changed throughout. *Two driveways (a single and a double) offers plenty of tenant parking. All leases are currently month-to-month. (id:30499)

Interior

Cooling Yes
Cooling Type None
Fireplace /
Heating Hot Water Radiator Heat ()
Square Feet 1693.00
Stories 2

Exterior

Attached Garage No
Carport No
Garage No
Frontage 55 FT
Lot Size /
Water Front No
Sewer Municipal sewage system
Year Built 1903
Pool No
Open Parking No
Parking Spaces 0

Want to learn more about 4975 Mcrae Street?

Schedule a showing (optional):
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Rick Derhodge

Broker

Re/Max Niagara Realty Ltd., Realtor