4640 MORRISON Street
Niagara Falls, Ontario
- 3 bed
- 3 bath
- Multi-family
Turnkey triplex offering three self-contained units in a solid Niagara Falls location, generating approximately $3,400/month in rental income. Ideal for investors or those looking to live in one unit while offsetting costs, the property features a functional layout with two main floor units and a spacious upper unit, each with separate living spaces and good natural light. Key updates include a flat rubber roof (2017), new eaves with gutter guards (2019), updated plumbing and toilets (2022), and new basement stairs (2023). Unit improvements include a new fridge and stove in Unit 2 (2023) and a new fridge in Unit 3 (2023). Additional updates include refreshed sod (2020) and consistent maintenance throughout. Operating costs are manageable with water approximately $200/month and gas averaging $208 in winter and $140 in summer. Furnace and hot water tank are rentals. A solid, income-producing property with major updates already completed.
Price History
Schools
Elementary
- Simcoe Street Public School0.3 km
Public · DSB Niagara · 285 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 56% met the provincial standard
- St Patrick Catholic Elementary School0.4 km
Catholic · Niagara CDSB · 185 students
Grade 3 reading: 100% met the provincial standard
- Valley Way Public School1 km
Public · DSB Niagara · 300 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 40% met the provincial standard
Secondary
- Stamford Collegiate2.8 km
Public · DSB Niagara · 805 students
Grade 10 literacy: 80% met the provincial standard
- A N Myer Secondary School3.3 km
Public · DSB Niagara · 1155 students
Grade 10 literacy: 89% met the provincial standard
- Saint Paul Catholic High School3.6 km
Catholic · Niagara CDSB · 790 students
Grade 10 literacy: 84% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L2E
- Population
- 18,587
- Private dwellings
- 9,017
- Median age
- 46.4
- Average household size
- 2.2
- Median household income
- $60,800
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Niagara Falls · last 12 months
- Median sold price
- $560,000
- Homes sold
- 1,064
- Median days on market
- 31
- Sale-to-list price
- 96.2%
Based on 1,064 recorded sales of multi-family properties in Niagara Falls over the last 12 months.
Walk Score
Walk
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Location
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Mortgage Calculator
$83,000
Estimated Monthly Payment
$2,039
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,039/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $104/mo
Estimates only. Consult a financial advisor.
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