4446 Morrison Street, Niagara Falls, Ontario L2E 2B3 is For Sale and has a listing price of 629,000. The property is located in the Niagara Falls . It's been on the website for 3 Days.
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.
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 03/17/2026 | X12893760 | $629,000 | For Sale | - | - |
| 01/10/2024 | X8494296 | $249,000 | For Sale | $210,000 |
