4446 Morrison Street, Niagara Falls, ON L2E 2B3
Niagara Falls
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 4446 Morrison Street, Niagara Falls, ON L2E 2B3
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13151780
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE
On market since May 20, 2026
4446 Morrison Street, Niagara Falls, ON L2E 2B3 is listed for $550,000 CAD.
4446 Morrison Street, Niagara Falls, ON L2E 2B3 has 0 bedrooms and 0 bathrooms.
4446 Morrison Street, Niagara Falls, ON L2E 2B3 is a Vacant Land.
4446 Morrison Street, Niagara Falls, ON L2E 2B3 is in Niagara Falls, Ontario.
4446 Morrison Street, Niagara Falls, ON L2E 2B3 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 4446 Morrison Street, Niagara Falls, ON L2E 2B3 (MLS# X13151780). You can also send a message through the contact form on this site.
