5689 Main Street Niagara Falls, Ontario L2G 5Z3
$1,280,000
This fantastic investment opportunity is located in the prime Niagara Falls tourist district, minutes from the Falls and the casino. The property features a 2,000 sq ft ground-floor restaurant currently leased at $4,300/month plus HST, which will increase to $4,500 this August, with $200 annual increments. The lease has three years remaining. The 1,200 sq ft upper unit, currently used for massage therapy, is leased at $2,000/month. Annual income totals $74,400. With 2025 taxes at $12,102, the cap rate is approximately 5%. With recent updates including electrical, plumbing, roof, HVAC, and water heater, this high-visibility property offers stable income and future potential. (id:61015)
Property Details
| MLS® Number | X13502100 |
| Property Type | Retail |
| Community Name | 215 - Hospital |
| Amenities Near By | Public Transit |
| Parking Space Total | 12 |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 3200 Sqft |
| Size Interior | 3,200 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 198 Ft ,5 In |
| Size Frontage | 54 Ft ,1 In |
| Size Irregular | Bldg=54.13 X 198.49 Ft ; 48.12 Ft X 198.74 Ft X 54.13 X 198.49 |
| Size Total Text | Bldg=54.13 X 198.49 Ft ; 48.12 Ft X 198.74 Ft X 54.13 X 198.49 |
| Zoning Description | Gc, R1e |
https://www.realtor.ca/real-estate/29967666/5689-main-street-niagara-falls-hospital-215-hospital
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June 29 2026 08:15:09
Toronto Regional Real Estate Board
Anjia Realty