5108 Mcrae Street, Niagara Falls

Price: $329,900

4 bedrooms, 2 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: X13422354

Investors take notice! Spacious Two Storey home with plenty of character including gorgeous trim/doors/woodwork and stain glass windows. Some features of this home include 4 large bedrooms, 2 full baths (one of which is completely renovated), large eat-in kitchen, separate dining room, living room with fireplace and a finished attic space on the 3rd level. The home has an unfinished basement and fully fenced backyard. Located close to all amenities, the falls and the entertainment district, don't miss out on this one.

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New Listing
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$329,900 - 5108 Mcrae Street, Niagara Falls

Detached for Sale in Niagara Falls

New — Listed 4 days ago
4Beds
2Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
X13422354
Property Type
Detached
Status
active
Days on Site
4
Bedrooms
4
Bathrooms
2
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Niagara Falls
Listing Brokerage
ROYAL LEPAGE NRC REALTY
Description

Investors take notice! Spacious Two Storey home with plenty of character including gorgeous trim/doors/woodwork and stain glass windows. Some features of this home include 4 large bedrooms, 2 full baths (one of which is completely renovated), large eat-in kitchen, separate dining room, living room with fireplace and a finished attic space on the 3rd level. The home has an unfinished basement and fully fenced backyard. Located close to all amenities, the falls and the entertainment district, don't miss out on this one.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,692.56/mo

Includes CMHC insurance ($9,204)

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5%10%50%

5-yr fixed avg.

Principal: $296,910Interest: $201,653
Mortgage Amount$306,114
Total Interest$201,653
Est. Property Tax$234/mo
Total Cost$507,767

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Niagara Falls

Discover Niagara Falls

Niagara Falls is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Niagara Falls

  • Convenient location in Niagara Falls
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Niagara Falls offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

5108 Mcrae Street, Niagara Falls

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
10.5%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$234
Insurance (est.)-$69
Net Cash Flow+$2,897

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $220/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Niagara Falls's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Detached Home Advantages

Detached homes in Niagara Falls are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Niagara Falls. Good resale value as demand remains consistent.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    5108 Mcrae Street, Niagara Falls — $329,900 | Battaglia Team