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    For Sale - 4446 Morrison Street, Niagara Falls, Ontario

    Est payment $3,020/mo
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    Time on Jump  15 day

    AI Summary *

    • Approved site plan ready for construction of six-unit rental project.
    • Walking distance to Niagara University and new GO Transit station.
    • Each building features three spacious three-bedroom units.
    • Potential for strong rental income with high demand for family units.
    • Great opportunity for investors with reduced development timelines.




    Rare permit-ready multifamily development opportunity it is primed location walking distance to niagara university- city of niagara buildings- the new go transit station and bridge to usa. Fully approved site plan with building permit ready for construction of a six-unit residential rental project consisting of two semi-deta ched buildings. Each building includes three spacious three-bedroom units, including basement apartments, designed to meet strong rental demand for larger family-oriented units. The approved development offers an excellent opportunity for investors or developers seeking a small-scale multifamily project with approvals already in place, significantly reducing development timelines and entitlement risk. 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. Buyers are advised to conduct their own due diligence regarding rents, operating costs, construction costs, and development feasibility. This is a unique opportunity to acquire a fully entitled six-unit rental development in a growing market with strong demand for larger rental units.
    Listing IDX12893760
    Address4446 Morrison Street
    CityNiagara Falls, Ontario
    Price$629,000
    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
    $629,000
    Get more info