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.
5689 MAIN Street
215 - Hospital, Niagara Falls, Niagara $1,280,000Make an offer
Parking for 12
Zoning: GC, R1E
- MLS®#:
- X13502100
- Property Type:
- Commercial Retail
- Property Style:
- Area:
- Niagara
- Community:
- 215 - Hospital
- Taxes:
- $12,102 / 2025
- Added:
- June 29 2026
- Lot Frontage:
- 54.13
- Lot Depth:
- 198.49
- Status:
- Active
- Outside:
- Year Built:
- Brokerage:
- ANJIA REALTY
- Lot :
-
198
54
BIG LOT
- Lot Irregularities:
- 48.12 ft x 198.74 ft x 54.13 x 198.49
- Intersection:
- Main St & Summer St
- Rooms:
- Bedrooms:
- Bathrooms:
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- Yes
- Heating Type:
- Gas Forced Air Open
- Heating Fuel:
Neighborhood Overview
Complete neighborhood profile for 5689 MAIN Street
215 - Hospital home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in 215 - Hospital
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
