rear view of house featuring a balcony and covered porch Features: balcony, board batten siding, vertical siding, stairs, horizontal siding, lawn, porch More Photos

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    For Sale - 4446 Morrison Street, Niagara Falls, Ontario

    Est payment $2,641/mo
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    Views   1
    Time on Jump  62 day

    AI Summary *

    • Prime location near Niagara University and transit options.
    • Fully approved site plan and building permit in place.
    • Opportunity for six residential rental units with strong market demand.
    • Issued demolition permit could reduce development charges.
    • Potential for significant long-term rental income once stabilized.




    Rare permit-ready multifamily development opportunity in a prime location within walking distance to niagara university, city buildings, the new go transit station, and the international bridge to the usa. Fully approved site plan with building permit ready for construction of a six-unit residential rental project consisting of two semi-detached buildings. Each building includes three spacious three-bedroom units, including basement apartments, designed to meet strong and growing demand for larger family-oriented rental housing. The property benefits from a demolition permit already issued, which may result in reduced development charges compared to a typical new build. In addition, recent federal housing initiatives regarding hst on new residential construction may provide further financial advantages for qualified projects. Buyers are encouraged to conduct their own due diligence to fully understand applicable incentives, exemptions, and cost savings. Based on market rental estimates of approximately $2,200 per unit per month, the completed project may achieve gross annual rental income of approximately $158,400. Using standard vacancy and operating assumptions, the project presents the potential for strong long-term rental performance once stabilized. This offering presents an excellent opportunity for investors or developers seeking a small-scale multifamily project with approvals already in place, significantly reducing development timelines, entitlement risk, and potentially lowering overall development costs. A rare chance to acquire a fully entitled six-unit rental development in a high-demand and rapidly evolving area.
    Listing IDX12893760
    Address4446 Morrison Street
    CityNiagara Falls, Ontario
    Price$550,000
    StyleVacant Land
    TypeVacant Land
    StatusFor Sale

    Subtype Vacant LandOwnership FreeholdWaterfront None

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    Listing Agency:  RE/MAX NIAGARA REALTY LTD, BROKERAGE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    4446 Morrison Street
    Niagara Falls , Ontario
    $550,000
    Get more info