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Investment signal

$799,000

5124 MORRISON STREET

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Beds

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Baths

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Sqft

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Year

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Type

Retail

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Niagara Falls (Cherrywood). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Ideally Located in the Heart of Niagara Falls. Income Generating Retail Store Space and Residential Rental Space Upstairs! Very Sought After Area, Don't Miss This Opportunity to Own a Large Lot, with High Traffic, Great Exposure and Take on Immediate Rental Income. Residential Area Upstairs, Storefront on Main Level, New Roof, New Windows, 8 Car Parking Lot. (id:65958)

Subtype: Retail
Structure: Residential Commercial Mix
Community: 211 - Cherrywood
Living area: 4,300 square feet
Lot dimensions: 80.35 x 120.28 FT ; L Shaped
Parking: 8 total
On market: Feb 20, 2026
Status changed: Apr 24, 2026
Annual tax: $5,000
Zoning: R2
Photos: 9
MLS#: X12804136
Area: NIAGARA_FALLS_(CHERRYWOOD)

Features and systems

Heating

Hot water radiator heatNatural gas

Cooling

Fully air conditioned

Lot

Irregular lot size

Negative cash flow ~$884/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.64%

Cap rate

3.54%

GRM

16.6

Break-even rent

$4,930

Financing

Down payment$159,800

Loan amount$639,200

Mortgage$3,239/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$366

Insurance$80

Maintenance$666

CapEx reserve$333

Vacancy loss$200

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,239/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.