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
6 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $299 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 5201 Mcrae St
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
2 spaces
Basement
Full, Separate Entrance
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
Full · Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
5201 Mcrae St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14177376$329,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 5201 Mcrae St Compares to the Niagara Falls Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$1,616
/mo
based on the purchase price of $329,000
$65,800 cash
$263,200 financed
$221,683 total interest
Principal54%$263,200
Interest46%$221,683
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 TRREB 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 TRREB 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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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Niagara Falls
Other 5-bed homes for sale in Niagara Falls around $329K.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio96.4%On average, homes sold below asking.
Active listings693Homes for sale here right now.
Median vs prior 90 days+5.5%Compared with May 17 – Aug 15, 2026: prices up.
Based on 442 sales from Aug 15 – Nov 13, 2026 (298 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 5201 Mcrae St
How much is 5201 Mcrae St listed for?
5201 Mcrae St is listed at $329,000 (MLS® X14177376). Summitly updates the price as soon as the MLS® record changes.
Is $329,000 a good price for 5201 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 5201 Mcrae St changed?
No — 5201 Mcrae St is still listed at its original asking price of $329,000.
How many bedrooms and bathrooms does 5201 Mcrae St have?
5201 Mcrae St has 6 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Niagara Falls.
How much would the monthly mortgage be on 5201 Mcrae St?
About $1,616 a month — principal and interest on $329,000 with 20% down ($65,800), 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 5201 Mcrae St compare with other homes in Niagara Falls?
Its asking price of $329,000 is about 43% below the median sold price in Niagara Falls over the last 90 days, $575,000, across 442 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 5201 Mcrae St been sold before?
Summitly has no earlier MLS® sale or lease of 5201 Mcrae St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 5201 Mcrae St?
5201 Mcrae St is in Niagara Falls, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5201 Mcrae St been on the market?
1 day — 5201 Mcrae St was listed on November 12, 2026.
What is the price per square foot of 5201 Mcrae St?
About $219 to $299 per square foot: the asking price of $329,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 5201 Mcrae St have parking or a garage?
Yes — the listing gives 2 parking spaces.
Does 5201 Mcrae St have a basement, and is it finished?
The listing describes the basement as: Full, Separate Entrance.
