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$1,180,000
Status: For Sale
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 Type | :Commercial |
|---|---|
| MLS Number | :X13502100 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :29 Sep, 2026 (7 Hours ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Niagara |
|---|---|
| Postal Code | :
L2G 5Z3
|
| Price | : $1,180,000 |
|---|---|
| Property Taxes | :$12102.0 |
| Tax Year | :2025 |
|---|
| Air Conditioning | :Yes |
|---|---|
| Heating | :Gas Forced Air Open |
| Cross Street | :Main St & Summer St |
29 Sep, 2026
TREB #X13502100
Price Change
$1180000.0
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$1,180,000
5689 MAIN Street, Niagara, ON
Listing ID #X13502100
Price drop by $100,000
Price drop by $100,000