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5689 Main Street Niagara Falls, Ontario L2G 5Z3

3200 sqft
Fully Air Conditioned Forced Air

$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:60365)

Property Details

MLS® Number X13502100
Property Type Retail
Community Name 215 - Hospital
AmenitiesNearBy Public Transit
ParkingSpaceTotal 12

Building

CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Forced Air
SizeExterior 3200 Sqft
SizeInterior 3200 Sqft
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit
SizeDepth 198 Ft ,5 In
SizeFrontage 54 Ft ,1 In
SizeIrregular Bldg=54.13 X 198.49 Ft ; 48.12 Ft X 198.74 Ft X 54.13 X 198.49
SizeTotalText Bldg=54.13 X 198.49 Ft ; 48.12 Ft X 198.74 Ft X 54.13 X 198.49
ZoningDescription Gc, R1e

https://www.realtor.ca/real-estate/29967666/5689-main-street-niagara-falls-hospital-215-hospital

Ming Cheng
Salesperson

Anjia Realty
3601 Hwy 7 #308
Markham, Ontario L3R 0M3

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June 29 2026 08:15:09

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Anjia Realty

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