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$629,000
Ontario,Niagara Falls (Downtown)
For Sale Active
4446 MORRISON STREET, Niagara Falls (Downtown), Ontario L2E2B3
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Basic Details
Description

Rare Permit-Ready Multifamily Development Opportunity.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 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. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: X12893760
  • Price: $629,000
  • Status: Active
  • Property Sub Type: Vacant Land
  • Office Key: 271450
Features & Appliances
Features
  • Utilities: Electricity, Sewer, Cable
Address Map
  • Location: CA, Ontario, Niagara Falls (Downtown), L2E2B3
  • Street: Morrison
  • Street Number: 4446
  • Street Suffix: Street
  • Longitude: W80° 56' 1.1''
  • Latitude: N43° 6' 15.8''
Additional Information
  • Lot Size Dimensions: 50 x 150 FT
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Listing updated: 2026-03-20 19:55:17
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Listing Information
  • List Agent Key: 2048557
  • List Office Key: 271450
  • Modification Timestamp: 2026-03-18T20:06:08Z
  • Originating System Name: Niagara Association of REALTORS®
  • Status Change Timestamp: 2026-03-18T19:56:31Z
Powered by REALTOR.ca
Listing updated: 2026-03-20 19:55:18
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