5689 MAIN STREET
Niagara Falls (Hospital), Ontario
MLS® X13502100
$1,180,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13502100
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 9Listing description
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.
Property summary
- MLS® number
- X13502100
- Property type
- Retail
- Size
- 3,200 sq ft
- Land size
- Bldg=54.13 x 198.49 FT ; 48.12 ft x 198.74 ft x 54.13 x 198.49
- Annual property taxes
- $12,102.00
- Parking
- 12 spaces
- Days on market
- 106 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $1,180,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ANJIA REALTY, MARKHAM.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.