Address
4278 MORRISON Street Niagara Falls, ON
Price
$ 879,000
Property Attributes
  • ID#40103492
  • TypeMulti-Family
  • CityNiagara Falls
  • AreaNiagara
  • NeighbourhoodElgin
  • Postal CodeL2E 2A9
  • Style
  • Price$ 879,000
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2000
Listing Provided Courtesy Of:
Nathan Warriner with Royal LePage NRC Realty
Data Source:
RLP - CREA EN
Property Description

This Legal duplex (with a large inlaw Suite) was built in 1885 & lies diagonal to a green space and the torch (nature) trail. The house is 3 blocks from the new (in progress) GO STATION, 2 blocks from the Queen Street downtown Arts & Culture District, & 1 block from the gorge (river side); from this property you can see the United States on the other side of this natural wonder. 3 entrances for the 3 units, separate entrance for the laundry room/basement and 3 parking spots. 2x 100 amp fuse panels for the upstairs and downstairs, 2 separate water tanks, central air for the upstairs only and a fire coded sprinkler system in the basement. The roof was replaced in 2014. Extremely profitable property. The 2018 short term rental GROSS income proved $77,391.19 and $68,811.15 in 2019 (this doesn’t include other invoiced income outside of our primary online rental platform). R2 Zoning includes the rare/ special provision 19.1.2 that gives this property the ability to achieve a legal bed-and-breakfast license if so desired. With over 2000 sqf of living space; there are 2 indoor porches equalling 44.72 ft.² , an 1176 ft.² dry basement with a ceiling height that ranges between 5.5’ -6.5’ clearance. There's also a 480 ft.² partially finished attic with pull down stairs for even more dry storage (5’ at its peak). This attic could transform into a very comfortable living space. The present owner has planted well over 85 trees, bushes and plants on this property over the last 5 years and there's plenty of room for 3 private areas on the property for any and all future inhabitants . Lastly, these units are intentionally themed retro. A substantial monetary investment was made for top interior decorators who spent a great deal of time to stylize these units to look the way they look, thus creating the unique and profitable situation that they currently have, furthermore, The owner is willing to negotiate selling the house furnished to preserve it's current aesthetics.

General Features

Beds 4

Interior Features

Bedrooms 4

Exterior Features

Lot Frontage 50.00
Jumpid 14936910
Mls 40103492

Amenities

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

Property vs Postal Code Average in L2E 2A9

Price
AVG $880K
$880K
Visits
AVG 7
6
Year Built
AVG 1885
1885
Walkscore
AVG 56
56
Data Provided by Walkscore ® not using MLS data