$680,000 - 4534 Morrison Street, Niagara Falls
Detached for Sale in Niagara Falls
33 days on market- MLS Number
- X13114470
- Property Type
- Detached
- Status
- active
- Days on Site
- 33
- Bedrooms
- 8
- Bathrooms
- 6
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Niagara Falls
- Listing Brokerage
- BAY STREET GROUP INC.
This Beautiful and Spacious Two-stories house located in the heart of Downtown area. Only a short 5-minute drive to the stunning Falls and the exciting Clifton Hill. Conveniently located near gas station, numerous restaurants. Enjoy the free parking (10 Spots) in back yard. Up to 2300sf, all Spaces are on the first and second floors. Fully renovated in 2023, this property features two separate units, each with its own living room and kitchen. Each unit offers 4 bedrooms and 3 bathrooms, providing excellent flexibility for owner-occupancy, multi-generational living, or rental income potential.The second-floor unit has a separate entrance, while the home also includes interior access between the units. Equipped with a tankless water heater, this property is a great choice for both personal use and investment.
Estimate your monthly payments for this property
Estimated Payment
$3,488.75/mo
Includes CMHC insurance ($18,972)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Niagara Falls
Niagara Falls is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Niagara Falls
- •Convenient location in Niagara Falls
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Niagara Falls offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
4534 Morrison Street, Niagara Falls
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $340/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 33 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Niagara Falls are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Niagara Falls.
Bathroom Count Matters
With 6 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Niagara Falls properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,833 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.