6235 DRUMMOND ROAD
Niagara Falls (Dorchester), Ontario
MLS® X13612460
$1,499,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13612460
- Bedrooms
- —
- Bathrooms
- 9
- Year built
- —
Listing description
Exceptional mixed-use investment opportunity in one of Niagara Falls' most convenient and sought-after commercial corridors! Ideally situated in a high-visibility, central location just minutes from the Lundy's Lane Tourist District and the Fallsview Casino District, this well-maintained property offers outstanding long-term income potential in a thriving area. The property consists of two buildings with ample on-site parking, offering a total of nine rental units, including three commercial units and six residential apartments.
Generating approximately $157,000 in annual gross rental income and offering a cap rate of approximately 7. 5%, this is an excellent opportunity for investors seeking strong, reliable returns. One of the property's greatest assets is its exceptional tenant profile.
Two of the commercial tenants have successfully operated their businesses here for over five years, while all six residential units are occupied by long-term tenants who take pride in their homes, maintain their units exceptionally well, and have an excellent history of on-time rent payments. Rents are largely in line with today's market, providing immediate, dependable cash flow while offering continued upside. With a stable tenant base and well-maintained buildings, this is truly a minimal-management investment.
Ownership has completed numerous capital improvements, including a new electrical panel in Building #2, new owned hot water tanks in Building #1, and a new sewage system servicing Building #2, giving future owners added confidence and reducing the likelihood of major capital expenses. Whether you're expanding an existing portfolio or acquiring your first mixed-use asset, opportunities like this are becoming increasingly rare. A turnkey investment offering strong financial performance, quality tenants, and an unbeatable Niagara Falls location.
Please click the links attached to for a full property virtual tour/photos. 1 of the agents will meet you there so it's easy to show.
Property summary
- MLS® number
- X13612460
- Property type
- Retail
- Building type
- Residential Commercial Mix
- Size
- 11,786 sq ft
- Land size
- Bldg=119.99 x 115 FT ; Lot Depth N/A as per GEO
- Annual property taxes
- $20,443.00
- Days on market
- 66 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $1,499,000 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 RE/MAX NIAGARA REALTY LTD, BROKERAGE, NIAGARA FALLS.
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.