5114 Mcrae Street Unit Upper, Niagara Falls, ON
L2E 1P5
Listed October 2, 2026
About this property
Client RemarksLocated in the central area in Niagara Falls. Large size 2 BEDROOM unit located on the Second floor! Updated kitchen and bathroom, living room. New Windows. close to shopping and public transport. Corner lot with 1 Parking outside. Tenants pay 60% utility bill, easy showing. Looking for AAA Tenants, Need Credit, job letter, pay stab, reference and applications etc.
Features
Property Details
Listing
Property
Location
Taxes & Financials
Carrying Costs Calculator
What it could cost each month to rent 5114 Mcrae Street Unit Upper — 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
The listing says you pay 60% of the bills.
The listing says you pay 60% of the bills.
The listing says you pay 60% of the bills.
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
$1,703/mo
About $20,436 a year
- Rent$1,400
- $198
- Tenant insurance$30
- Internet$75
Cash needed to move in
- First month's rent
- $1,400
- Last month's rent deposit
- $1,400
- Key / fob depositRefundable
- $100
- Moving & set-upEstimate
- $1,400
- Total
- $4,300
Your first 12 months
- Rent and monthly costs12 months
- $20,436
- Moving & set-up
- $1,400
- Total
- $21,836
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
- $64,000/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.
- $1,427/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
5114 Mcrae Street Unit Upper, Niagara Falls, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: October 2, 2026
Listing Office: BAY STREET GROUP INC.
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