5689 MAIN Street, Niagara Falls, ON L2G 5Z3
Niagara Falls, ON L2G 5Z3
About this property
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 facts & features
- Days on market
- Not reported
- Property type
- Commercial Retail
- MLS® number
- X13502100
- Source status
- Price Change
- Bedrooms
- Not provided
- Bathrooms
- Not provided
- Reported interior area
- 3200
- Neighbourhood
- Not provided
- Postal code
- L2G 5Z3
- Garage
- None
- Lot depth (source units)
- 198.49
- Annual property tax
- 12102
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
- MLS entry age (not confirmed DOM)
- 125 days
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
Price Change · $1,180,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Niagara Falls →Listing brokerage: ANJIA REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13502100. Information deemed reliable but not guaranteed.