$ 1,280,000
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$1,280,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing 362500 -
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 Highlights
Status
Active
Days on Site
16
Property Type
Commercial Sale
MLS ®
X13502100
Year Built
Total Square Footage
0
Lot/Acreage
N/A
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Yes
- Heating: Gas Forced Air Open
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Irregular Lot
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: No Garage
Financial Details
- Tax Amount: $12,102
- Taxes w/Assessments: N/A
- Tax/Property ID: 643150096
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
5689 Main St Niagara Falls, ON L2G 5Z3
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