5689 MAIN Street, Niagara Falls, ON L2G 5Z3
- $1,280,000
- List Price
- $1,280,000
- MLS#
- X13502100
- Status
- ACTIVE
- Type
- Commercial
- SubType
- Commercial Retail
- Province
- ON
- Municipality
- Niagara Falls
- Area
- Niagara
- Neighborhood
- 215 - Hospital
- Subdivision
- Main St & Summer St
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.
/u.realgeeks.media/teamkoukun/dun_Main_Logo_(1).png){kind=logo}
Additional Information
- Taxes
- $12,102
- Heat Type
- Gas Forced Air Open
- Air Conditioning
- Yes
- Lot Depth
- 198
- Garage Type
- None
Mortgage Calculator
Listing courtesy of ANJIA REALTY.