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211 - Cherrywood, Niagara Falls
$624,999
Welcome to 5020 McRae Street, a character-filled single-family detached home offering approx. 1,780 sq. ft. above grade plus approx. 500 sq. ft. of finished basement space. The bright main floor features an inviting living room with a beautiful wood-burning fireplace and classic brick surround. The spacious kitchen offers white cabinetry, gas range, stainless steel dishwasher, built in microwave, ceramic tile backsplash, generous counter space, additional pantry cabinetry and a freestanding storage station. A 2-piece bath and main-floor laundry add everyday convenience, while updated light fixtures throughout give the home a fresh, modern feel. Upstairs are 3 bedrooms, a 4-piece bath and charming solarium. Continue up to the impressive fully finished loft, currently used as the primary bedroom. At approx. 400 sq. ft., it features a walk-in closet, additional hidden storage, space for a desk/work area and cozy reading nook, with plenty of room for a king-size bed and additional furnishings. Portable A/C included. The fully finished basement adds approx. 500 sq. ft. and features a family room, kitchen, bedroom, 3-piece bath with stand-up shower, laundry, LED pot lights, an operable awning-style window and separate exterior entrance-providing plenty of additional space for the household to enjoy. Outside, enjoy a fully fenced yard, 2-car garage, private double driveway and additional gravel parking. Pedestrian gates on both sides plus an exceptionally wide gated opening provide convenient backyard access for an RV, boat, trailer or larger equipment. TURNKEY OPTION: Sellers are open to selling the home fully furnished, including existing furniture and additional appliances, by separate negotiation. Furnishings are not included in the asking price.
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $4,022 |
| Lot Size | 35 ft x 120 ft |
| mls© Number | X13869272 |
| Listed By | ROYAL LEPAGE NRC REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,199
- Property tax
- $335
- Heat allowance
- $150
- Housing costs
- $3,684 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$113,000
gross annual household income
- Payment at 4%
- $2,630 / mo
- Cash down
- $125,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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