5201 Mcrae Street, Niagara Falls, ON
L2E 1P9
Listed November 13, 2026
About this property
Investment Opportunity in Niagara Falls! Excellent income-generating property in a prime Niagara Falls location, close to all amenities, shopping, schools, transit, and more. The main floor features three bedrooms and is currently rented to a long term tenant who would like to stay, while the upper floor is also rented, providing multiple income streams. The lower level offers potential for a third rental unit, presenting an excellent opportunity for additional income (subject to applicable permits, zoning, and approvals). Enjoy a large, fully fenced yard with plenty of outdoor space. Whether you're an investor looking to expand your portfolio or seeking a property with strong rental potential, this property is worth a look! MUST HAVE 24 HOURS NOTICE FOR ALL SHOWINGS
Features
Property Details
Listing
Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 5201 Mcrae Street — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$65,800 · Minimum $16,450
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2026 tax bill).
Leave at $0 if there isn't one.
Typical for this kind of home.
Hydro, heating, water and sewer.
About 1% of the price a year, set aside.
One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$2,405/mo
About $28,860 a year
- $1,455
- $221
- Home insurance$125
- Utilities$330
- Maintenance & repairs$274
Cash needed to close
- Down payment (20%)
- $65,800
- Ontario land transfer tax
- $3,410
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $71,710
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
5201 Mcrae Street, Niagara Falls, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: November 13, 2026
Listing Office: ROYAL LEPAGE NRC REALTY
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