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    For Sale - 5689 MAIN Street, Niagara Falls, Ontario

    Est payment $6,146/mo
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    Views   5
    Time on Jump  51 day

    AI Summary *

    • Prime location in Niagara Falls tourist district, close to attractions.
    • Ground-floor restaurant leased with steady income and lease renewals.
    • Upper unit currently leased for massage therapy, adding to income.
    • Recent updates improve property value and reduce maintenance concerns.
    • Cap rate of approximately 5% offers solid investment potential.




    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.
    Listing IDX13502100
    Address5689 MAIN Street
    CityNiagara Falls, Ontario
    Price$1,280,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailCommunity Features Public TransitFeatures Irregular LotBasement 1Heating / Cooling Gas Forced Air Open

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    Listing Agency:  ANJIA REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    5689 Main Street
    Niagara Falls , Ontario
    $1,280,000
    Get more info