5689 MAIN Street, Niagara Falls, ON L2G 5Z3

$1,280,000

NewID: X13502100

Bedrooms

N/A

Bathrooms

N/A

Property Type

Commercial Retail

Property Summary

Property Type

Commercial

Building Type

Commercial Retail

Storeys

N/A

Square Footage

N/A

Community Name

215 - Hospital

Title

Freehold

Land Size

54.13 x 198.49 FT

Annual Property Taxes

$12,102

Parking Type

None Garage

Property 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.

Agent Information

Agent: MING CHENG, Salesperson

Office: ANJIA REALTY