4999 MCRAE STREET, Niagara Falls (Cherrywood)
$749,000
For sale: Multiplex
- 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
Multiplex homes in Niagara Falls (Cherrywood) — recent sold market
Multiplex homes in Niagara Falls (Cherrywood) took a median of 35 days to sell over the last 730 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 60, across 34 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.
The median sale price was $530,000.
Homes sold for about 7.8% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
- Median days to sell
- 35
- Median sale price
- $530,000
- Sale-to-list ratio
- 92.2%
- Sold above asking
- 12%
Based on 34 recorded sales in the last 2 years — 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
$789,900
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Multiplex631,500–2,000 sqft4104 BROUGHTON AVENUE, 210 - Downtown, Niagara Falls
$799,850
Multiplex6192 BURGAR STREET, 768 - Welland Downtown, Welland
$659,900
Detached631,100–1,500 sqft6292 BELLEVUE STREET, 212 - Morrison, Niagara Falls
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Detached6+321,100–1,500 sqft190 GLENDALE AVENUE, 461 - Glendale/Glenridge, St. Catharines
$639,900
Detached5+221,100–1,500 sqft4443 DORCHESTER ROAD, 212 - Morrison, Niagara Falls
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Detached6+132,000–2,500 sqft4871 NORTHGATE CRESCENT, 981 - Lincoln Lake, Lincoln