NewOpen Sun 2:00 p.m.
39
New
30
$679,000
7002 Optimist Lane, Niagara Falls, ON L2E 0B1
Morrison
2+2 bd
3 ba
1,100 sf
3
3 days on marketMLS® X13765172
Listing courtesy of REAL BROKER ONTARIO LTD.
Morrison · L2E 5K1
$615,000
$879 / sq ft3 weeks on market
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PRIME MULTI-STREAM INVESTMENT OPPORTUNITY | OVERSIZED 50' X 150' LOT Unlock maximum yield in a high-demand Niagara Falls hub! This updated 3+3 bedroom, 3-bath detached bungalow sits on a 7,500 sq ft lot, offering immediate multi-tenant functionality and rare density upside. TRIPLE-INCOME PATHWAY Garden Suite / ADU Potential: The massive 42' x 12.5' detached garage with hydro offers an ideal footprint to build or convert a detached rear garden suite under R2 guidelines. (Buyer to satisfy self on permits & zoning). Flexible 3-Unit Blueprint: Combine the main floor with the finished lower level (separate entrance, 2nd kitchen setup) plus a rear garden suite to capture 3 distinct income streams. $100K+ IN CAPEX UPGRADES DONE Upgraded 200-Amp electrical service ready for extra load/EV charging. Full professional basement waterproofing system installed. High-efficiency Lennox HVAC system with heat pump. PROPERTY FEATURES Bright main floor with artisan plaster ceilings, crown moldings, updated baths, and 21' covered front porch. Deep concrete/asphalt driveway accommodates 7+ vehicles. Rapid access to QEW, Hwy 420, public transit, and key employment centers ensures low vacancy and top-tier tenant demand. House is fully tenanted (month to month lease).
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced below most comparable listings — about 24% of comparable detached listings in Morrison are asking less.
Based on 21 comparable active detached listings in Morrison. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $615,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of PROPERTY.CA INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Listing courtesy of STICKS & BRICKS REALTY LTD.
$679,000
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Listing courtesy of REAL BROKER ONTARIO LTD.
$629,900
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Listing courtesy of EXP REALTY
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Listing courtesy of REVEL Realty Inc., Brokerage
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Listing courtesy of NEWGEN REALTY EXPERTS
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Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE
