5201 Mcrae Street, Niagara Falls, ON L2E 1P9
211 - Cherrywood, Niagara Falls · Near STANLEY AVE · View map
About this home
Investment Opportunity in Niagara Falls! Excellent income-generating property in a prime Niagara Falls location, close to all amenities, shopping, schools, transit, and more. The main floor features three bedrooms and is currently rented to a long term tenant who would like to stay, while the upper floor is also rented, providing multiple income streams. The lower level offers potential for a third rental unit, presenting an excellent opportunity for additional income (subject to applicable permits, zoning, and approvals). Enjoy a large, fully fenced yard with plenty of outdoor space. Whether you're an investor looking to expand your portfolio or seeking a property with strong rental potential, this property is worth a look! MUST HAVE 24 HOURS NOTICE FOR ALL SHOWINGS
The home
- Type
- Detached home
- Style
- 1 1/2 Storey
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 6
- Bathrooms
- 3
- Kitchens
- 1
- Rooms
- 12
- Basement
- Full, Separate Entrance
- Lot size
- 40 x 124.6 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Aluminum Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 2
- Total parking
- 2
- Parking features
- Available
Taxes & other
- Property taxes
- $2,652/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- 60 DAYS FOR TENANT
- Cross street
- STANLEY AVE
- Neighbourhood
- 211 - Cherrywood
More
- Price per sq ft
- ~$253 (at 1,300 sq ft)
- MLS® number
- X14177376
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The home and its surroundings
- Accessory Apartment
- In-Law Capability
- Water Heater Owned
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
5201 Mcrae Street, Niagara Falls, ON L2E 1P9
211 - Cherrywood, Niagara Falls · Near STANLEY AVE
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Listing history for 5201 Mcrae Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 5201 Mcrae Street
Answers come straight from this home’s MLS® listing.
How much is 5201 Mcrae Street listed for, and what would it cost each month?
5201 Mcrae Street is listed for $329,000. With 20% down ($65,800), the mortgage payment would be roughly $1,327 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,548 a month, all in. That figure is an illustration, not a quote.
Is 5201 Mcrae Street freehold or a condo, and is there a monthly fee?
5201 Mcrae Street is a detached home in 211 - Cherrywood, Niagara Falls. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 5201 Mcrae Street have?
5201 Mcrae Street has 6 bedrooms and 3 bathrooms. The listing gives the style as 1 1/2 storey.
Does 5201 Mcrae Street have a garage and parking?
The listing does not show a garage. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
Does 5201 Mcrae Street have a finished basement?
The listing describes the basement as full, separate entrance. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 5201 Mcrae Street?
5201 Mcrae Street is a detached home. A detached home stands on its own lot with no shared walls.
How big is 5201 Mcrae Street, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 40 x 124.6 ft.
How is 5201 Mcrae Street heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 5201 Mcrae Street?
Property taxes are $2,652 a year (2026), or about $221 a month.
Where is 5201 Mcrae Street?
5201 Mcrae Street is in the 211 - Cherrywood community of Niagara Falls. The nearest main intersection is STANLEY AVE. The postal code is L2E 1P9.
Is 5201 Mcrae Street still for sale?
Yes. It is an active listing (MLS® X14177376). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 5201 Mcrae Street asking?
Similar properties for sale nearby right now include 4824 Fourth Avenue at $349,900 (5+2 bed), 4997 ARMOURY Street at $389,900 (4 bed) and 5170 Second Avenue at $399,900 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 5201 Mcrae Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 5201 Mcrae Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 211 - Cherrywood, picked by style, size and price.
Detached home$349,9004824 Fourth Avenue, Niagara Falls5+2 bed · 3 bath · 211 - CherrywoodCourtesy of: CMI REAL ESTATE INC.View home →
Detached home$389,9004997 ARMOURY Street, Niagara Falls4 bed · 1 bath · 211 - CherrywoodCourtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGEView home →
Detached home$399,9005170 Second Avenue, Niagara Falls4 bed · 5 bath · 211 - CherrywoodCourtesy of: ROYAL LEPAGE NRC REALTYView home →Courtesy of: ROYAL LEPAGE NRC REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.