4999 MCRAE STREET, Niagara Falls (Cherrywood)

$749,000

For sale: Multiplex

Multiplex at 4999 MCRAE STREET, Niagara Falls (Cherrywood)
Property type
Fourplex
Bedrooms / bathrooms
6 bedrooms, 4 bathrooms
Living area
2,500 sqft
MLS®
MLS® X13637840
Neighbourhood
211 - Cherrywood

Well-maintained multi-residential building at 4999 McRae Street, ideally positioned in central Niagara Falls. 4 units: 2 x 2 bedroom, 2 x 1 bedroom. Each unit offers a comfortable layout with a large living space and well-proportioned bedrooms, and residents enjoy on-site parking and laundry. Transit, downtown shops and restaurants, and the tourist corridor are all within easy reach - a location that keeps units rented. A solid addition to any portfolio. Great opportunity to live in one unit and have income from 3 units. Main unit on ground floor has private garden and driveway for 2 parking.

Sold data

Homes in Cherrywood — recent sold market

Homes in Cherrywood took a median of 36 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 51, across 76 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.

The median sale price was $449,000.

Homes sold for about 3.6% below asking on average, so there was room to negotiate.

About 13% of sales closed above the list price.

Around 33% of sellers reduced their price before finding a buyer.

Median days to sell
36
Median sale price
$449,000
Sale-to-list ratio
96.4%
Sold above asking
13%

Based on 76 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Niagara Falls (Cherrywood)

Niagara Falls (Cherrywood) has 31 Fraser Institute–rated schools (26 elementary and 5 secondary), averaging 7.6/10.

Rated schools
31
Elementary
26
Secondary
5
Average rating
7.6 / 10

Top-rated schools in Niagara Falls (Cherrywood)

  • Kate S Durdan — elementary, Niagara FallsFraser rating 10.0/10
  • Father Hennepin — elementary, Niagara FallsFraser rating 9.9/10
  • St Vincent de Paul — elementary, Niagara FallsFraser rating 9.9/10
  • Orchard Park — elementary, Niagara FallsFraser rating 9.8/10
  • Simcoe Street — elementary, Niagara FallsFraser rating 9.4/10
  • Heximer Avenue — elementary, Niagara FallsFraser rating 9.3/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 4999 MCRAE STREET