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.
6 bedrooms, 4 bathrooms, about 2,000 sq ft, works out to roughly $375 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.Ask Zara a follow-up
Inside 4999 Mcrae St
Every detail from the listing, in one place.
Type
Fourplex
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Lot size
40.00 x 125.00 Feet
Parking
6 spaces
Basement
Other
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Other
Lot & land
Lot dimensions
40.00 x 125.00 Feet
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Fourplex
4999 Mcrae St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,680
/mo
based on the purchase price of $749,000
$149,800 cash
$599,200 financed
$504,684 total interest
Principal54%$599,200
Interest46%$504,684
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from PropTx or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from PropTx or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Niagara Falls
Other 8-bed homes for sale in Niagara Falls around $749K.
Average days on market42Homes sold in about 42 days on average.
Sale-to-list ratio96.6%On average, homes sold below asking.
Active listings765Homes for sale here right now.
Median vs prior 90 days+6.5%Compared with Apr 12 – Jul 11, 2026: prices up.
Based on 441 sales from Jul 11 – Oct 9, 2026 (282 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
4999 Mcrae St is listed at $749,000 (MLS® X13637840). Summitly updates the price as soon as the MLS® record changes.
Is $749,000 a good price for 4999 Mcrae St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Niagara Falls. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 4999 Mcrae St changed?
Yes — it was first listed at $789,000 and is now $749,000, a drop of $40,000 (5.1%).
How many bedrooms and bathrooms does 4999 Mcrae St have?
4999 Mcrae St has 6 bedrooms and 4 bathrooms, with about 2,000–2,500 square feet of living space. It is a fourplex in Niagara Falls.
Is 4999 Mcrae St close to transit?
The nearest rapid-transit station is Niagara Falls GO Station (Lakeshore West GO), about 1.5 km (about a 19-minute walk) in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 4999 Mcrae St?
About $3,680 a month — principal and interest on $749,000 with 20% down ($149,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 4999 Mcrae St compare with other homes in Niagara Falls?
Its asking price of $749,000 is about 30% above the median sold price in Niagara Falls over the last 90 days, $575,000, across 441 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 4999 Mcrae St been sold before?
Summitly has no earlier MLS® sale or lease of 4999 Mcrae St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 4999 Mcrae St?
4999 Mcrae St is in Niagara Falls, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 4999 Mcrae St been on the market?
66 days — 4999 Mcrae St was listed on August 4, 2026.
What is the price per square foot of 4999 Mcrae St?
About $300 to $375 per square foot: the asking price of $749,000 over the 2,000–2,500 sq ft the listing gives as its size range.
