4248 MORRISON STREET
Niagara Falls, Ontario, L2E2A9, Canada
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Approx. price(May 2022):
$1,400,000
| Building type: | Triplex |
| Storeys: | 2 |
| Land Size: | under 1/2 acre |
| Floor Space: | 2424 |
| Bathrooms: | 3 |
| Bedrooms: | 9 |
| Parking Space(s): | 6 |
| Cooling: | Central air conditioning |
| Heating Type / Fuel: | Forced air, (Natural gas) |
| Basement / Features / Type: | / / Full (Finished) |
| Exterior: | Brick |
| Water: | Municipal water |
Property Description
Triplex for sale in Niagara Falls located in 4248 MORRISON STREET , Ontario, L2E2A9, Canada. This Triplex have 9 bedrooms and 3 bathrooms. . For all the rest of the information we have about this property in Niagara Falls , see above.
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 lets talk about how this might be the right opportunity for you.
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4248 MORRISON STREET, Niagara Falls, Ontario, L2E2A9, Canada
