4975 Mcrae Street Unit 1, Niagara Falls, ON
L2E 1P2
Listed August 19, 2026
About this property
Welcome to this stunning, move-in ready above grade, independent unit of 2+1 Bedroom, 1 Washroom in multi-unit house. This unit is completely renovated, freshly painted with many newer appliances. It is in great location within minutes from downtown core, tourist attractions and GO Station. The house is very well maintained property. Unit 1 apartment offers a spacious rental w/exclusive space of huge covered front porch. 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. Two parking spots are included in the rent.
Features
Property Details
Listing
Property
Parking & Land
Location
Taxes & Financials
Carrying Costs Calculator
What it could cost each month to rent 4975 Mcrae Street Unit 1 — rent, utilities, tenant insurance, internet and parking — plus the cash you’ll need to move in. Change any number to match your situation.
Rent
From the listing.
Utilities
Not clear from the listing — a typical bill. Ask the landlord.
Not clear from the listing — a typical bill. Ask the landlord.
Not clear from the listing — a typical bill. Ask the landlord.
Many Ontario homes rent their water heater — add it if the landlord passes it on.
Other monthly costs
Typical in Ontario — many landlords require it.
A typical plan in the area.
Add it if parking costs extra.
Coin laundry, a storage locker or other regular costs.
Moving in
Refundable when you return the keys — ask the landlord for the amount.
A typical local move with movers — less if friends help.
Account opening and installation fees.
Estimated monthly carrying cost
$2,435/mo
About $29,220 a year
- Rent$2,000
- $330
- Tenant insurance$30
- Internet$75
Cash needed to move in
- First month's rent
- $2,000
- Last month's rent deposit
- $2,000
- Key / fob depositRefundable
- $100
- Moving & set-upEstimate
- $1,900
- Total
- $6,000
Your first 12 months
- Rent and monthly costs12 months
- $29,220
- Moving & set-up
- $1,900
- Total
- $31,120
Deposits aren’t an extra cost: the last-month deposit pays your final month and the key deposit comes back when you return the keys.
Planning ahead
- Household income to keep rent + utilities at 30%CMHC's affordability guideline — landlords often use a similar test
- $94,000/yr
- Highest rent at your first renewalOntario's 2027 guideline (1.9%), once a year with 90 days' written notice. Units first lived in after November 15, 2018 aren't capped.
- $2,038/mo
Estimates only — not legal or financial advice. Deposits and rent increases follow Ontario’s Residential Tenancies Act; utilities, insurance, internet and moving costs are typical figures for the area. Confirm what the rent includes with the landlord before you sign.
Location & Walkability
4975 Mcrae Street Unit 1, Niagara Falls, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: August 19, 2026
Listing Office: HOMELIFE/MIRACLE REALTY LTD
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