Listed by Re/Max Niagara Realty Ltd, Brokerage.

4446 Morrison Street is a Vacant Land, Other and is currently for Sale @ $550,000. Taxes in 2026 were $0.00.

More homes for sale under 600k in 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. The Other on 4446 Morrison Street has 0 bedrooms, 0 bathrooms, and is located on a 150 x 50 ft loton Not Applicable acres in the community of Downtown .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.

The address 4446 Morrison Street was listed for sale (MLS# X12893760) on Tuesday, March 17, 2026.