5557 Mcgrail Avenue Unit Unit B, Niagara Falls, ON
L2G 3R2
Listed November 10, 2026
About this property
This charming bedroom unit, with shared bathroom rental unit is ideally located in the heartof Niagara Falls, just steps from the bustling Clifton Hill tourist area. Offering fullyfurnished upper-level living, this well-maintained unit features an open-concept design with aspacious living room and an eat-in kitchen. The shared 4-piece main bath is convenientlylocated on the second floor, along with the primary bedroom. Close to schools, parks, transit,and all major amenities. Only minutes from the Niagara River, The Falls, and the bridge to theUSA, with a short drive to the highway. A perfect location for those seeking comfort andconvenience. 1 parking spot is available with this unit.
Features
Property Details
Listing
Property
Location
Taxes & Financials
Carrying Costs Calculator
What it could cost each month to rent 5557 Mcgrail Avenue Unit Unit B — 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
$1,435/mo
About $17,220 a year
- Rent$1,000
- $330
- Tenant insurance$30
- Internet$75
Cash needed to move in
- First month's rent
- $1,000
- Last month's rent deposit
- $1,000
- Key / fob depositRefundable
- $100
- Moving & set-upEstimate
- $1,000
- Total
- $3,100
Your first 12 months
- Rent and monthly costs12 months
- $17,220
- Moving & set-up
- $1,000
- Total
- $18,220
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
- $54,000/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.
- $1,019/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
5557 Mcgrail Avenue Unit Unit B, Niagara Falls, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: November 10, 2026
Listing Office: RE/MAX REAL ESTATE CENTRE INC.
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