Address
4248 Morrison Street Niagara Falls, ON
Price
$ 1,450,000
Property Attributes
  • ID#40185399
  • TypeMulti-Family
  • CityNiagara Falls
  • AreaNiagara Falls
  • Neighbourhood211 - Downtown
  • Postal CodeL2E 2A9
  • StyleMulti-3 Unit
  • Price$ 1,450,000
  • Bedrooms9
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage3636
Listing Provided Courtesy Of:
ROYAL LEPAGE NRC REALTY COMPASS ESTATES
Data Source:
Canada - Ontario Regional (ITSO) - 430 - CAN
Property Description

A rare opportunity to own a cash flow positive rental property in Niagara Falls. This building is zoned R3 and is a legal triplex with 3 separate self-contained units. The entire building has been re-built, all with permits and inspections completed. The only component remaining from the original building are the bricks. Right from exterior weeping tile, to the spray foam insulation to the new roof, everything has been redone. The supplements contain the comprehensive list of professionally completed renovations. With an estimated 4.6% cap rate as a ‘regular rental’, there is a real opportunity right now. With the expected changes coming to the River Road area, short term rentals, BnB or AirBnB could shortly boost the returns on this building dramatically! Walking distance to the Falls, to Clifton Hill, and to the Casinos. Be sure to review the online brochure, and let’s talk about how this might be the right opportunity for you.

Price History
11/9/2021 Listed $1,450,000

General Features

Basement Separate Entrance, Walk-Up

Interior Features

Basement Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L2E 2A9

Price
AVG $1.15M
$1.45M
Visits
AVG 19
16

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