4744 Morrison St
Niagara Falls, L5E 2C3
FOR SALE
$748,888
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Property Description
Detached Triplex on 51X100 ft. lot. Income property in General Commercial Zoning to run Short term/ Long term rentals !! Close to Downtown, Hospital, Church, School, Parks & Transit and New University of Niagara falls campus !! Currently property is Vacant. Pick tenants to your satisfaction. !! Extensively renovated In 2021 with New:- Floors, Washrooms, Windows, Doors, Trims, Baseboards, Pot Lights, Electrical Panel, Plumbing, Kitchens & Appliances In Apt 1 & 2., Ac (2020, Furnace(2017). Brand new carpet in Stairs !! Building has a 2 Bedroom Apartment On Main floor , Another 2 Bedroom Apt on 2nd Floor & 1Bedroom Apt On 3rd Floor. Main Floor & Foyer Have 9 Ft Ceilings. Front Covered Porch. "Long Double Driveway For Parking 6 Cars"
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-04-20 | 2022-05-12 | 22 | $899,000 | - | Terminated |
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Property Details
Street
City
Property Type
Triplex, 3-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
51' x 100'
Fronting
South
Taxes
$2,023 (2023)
Basement
Sep Entrance, Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.09' x 11.94' | Bow Window, Vinyl Floor, Closet |
| Kitchen | Main | 11.88' x 11.88' | Eat-In Kitchen, Vinyl Floor, W/O To Yard |
| Prim Bdrm | Main | 10.30' x 14.73' | Closet Organizers, Vinyl Floor, Large Window |
| 2nd Br | Main | 11.71' x 11.35' | Window, Vinyl Floor |
| Living | 2nd | 14.60' x 11.98' | Bow Window, Vinyl Floor |
| Kitchen | 2nd | 12.04' x 11.94' | Eat-In Kitchen, Vinyl Floor, W/O To Terrace |
| Prim Bdrm | 2nd | 9.68' x 11.68' | Window, Vinyl Floor, Closet |
| 2nd Br | 2nd | 9.71' x 11.58' | Window, Vinyl Floor, Closet |
| Living | 3rd | 11.45' x 11.84' | Window, Vinyl Floor |
| Kitchen | 3rd | 10.47' x 8.33' | Vinyl Floor |
| Prim Bdrm | 3rd | 11.58' x 11.91' | Window, Vinyl Floor |
| Foyer | Main | 11.71' x 7.55' | Vinyl Floor |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
4744 Morrison St is a 5-bedroom 3-bathroom home listed for sale at $748,888, which is $205,555 (37.8%) higher than the average sold price of $543,333 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 5 bedroom home in Niagara Falls declined by $56,567 (9.4%) compared to the previous 30 day period (February 29 - March 29) and down $407,917 (42.9%) from the same time one year ago.Inventory Change
There were 7 5-bedroom homes listed in Niagara Falls over the last 30 days (March 30 - April 28), which is down 12.5% compared with the previous 30 day period (February 29 - March 29) and up 40.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Niagara Falls typically sold ($16,332) (3.0%) below asking price over the last 30 days (March 30 - April 28), which represents a $16,332 decrease compared to the previous 30 day period (February 29 - March 29) and ($63,200) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Niagara Falls over the last 30 days (March 30 - April 28) stood at 42.9%, up from 12.5% over the previous 30 days (February 29 - March 29) and up from 40.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Niagara Falls stood at 19 days when successfully sold over the last 30 days (March 30 - April 28), compared to 42 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Real Estate Centre Inc.
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