$550,000
FOR SALE

Vacant Land

Lot: 50 x 150 ft

4446 Morrison St
Niagara Falls, ON L2E 2B3 | 210 - Downtown | Niagara

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.
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Listed By RE/MAX NIAGARA REALTY LTD, Brokerage
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13151780
Last Updated May 20, 2026
Property Summary
Property Type Vacant Land

More like this:
PIN 644450095
Legal Description LT 20 PL 283 TOWN OF NIAGARA FALLS ; NIAGARA FALLS
Possession Date Flexible
Directions/Cross Streets Morrison and Saint Clair
Neighbourhood 210 - Downtown
Area Niagara
Price History

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Detailed Information
Fronting On North
Special Designations Other
Included Cable TV
Lot 50 x 150 ft

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