5166 Morrison St

Niagara Falls, L2E 2E4
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5166 Morrison St, Niagara Falls
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3 + 2
BEDROOMS
4
BATHROOMS
2
KITCHENS
7
ROOMS
X4187028
MLSID
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Property Description
Beautiful Brick Duplex With Great Income & Tenants That Would Like To Stay!! Main Floor Unit Is A 3 Bedroom With Hardwood And Carpeting, Kitchen, D/R, L/R, 4 Pcs Bath!! 2nd Level Is An Open Concept With A Kitchen, D/R, L/R,Den & Master Bedrm In The Loft Area!! Many Updates Including Furnace 2015, A/C 2014, Updated Electrical, Extra 6000 Btu Window A/C 2 New Electric Backup Heaters For Upper Unit!! Great Investment Property! Gross Rental Income $28440/Annum.
Extras
New Cabinets In The Upper Unit, Bbq Area!! High Dry Bsmt For Storage, Fully Fenced Yard,2 Washers, 2 Dryers, 3 Fridges,2 Stoves, 2 Microwaves!! Partly Finished Bsmt With One Bedroom!!
Property Features
Public Transit, School
Property Details
Property Type
Detached, 2-Storey
Lot Size
33' x 120'
Fronting
South
Taxes
$2,705 (2018)
Basement
Part Fin, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Detached
Niagara Falls Market Statistics
Niagara Falls Price Trend
5166 Morrison St is a 3-bedroom 4-bathroom home listed for sale at $445,900, which is $188,734 (29.7%) lower than the average sold price of $634,634 in the last 30 days (March 10 - April 8). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls increased by $30,931 (5.1%) compared to the previous 30 day period (February 9 - March 9) and down $32,241 (4.8%) from the same time one year ago.
Inventory Change
There were 63 3-bedroom homes listed in Niagara Falls over the last 30 days (March 10 - April 8), which is up 10.5% compared with the previous 30 day period (February 9 - March 9) and up 28.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($19,991) (3.2%) below asking price over the last 30 days (March 10 - April 8), which represents a $1,203 decrease compared to the previous 30 day period (February 9 - March 9) and ($26,749) 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 3-bedroom homes in Niagara Falls over the last 30 days (March 10 - April 8) stood at 65.1%, up from 47.4% over the previous 30 days (February 9 - March 9) and up from 49.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Niagara Falls stood at 30 days when successfully sold over the last 30 days (March 10 - April 8), compared to 76 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sutton Group - Realty Experts Inc., Brokerage
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