PRICE CHANGE
See all 9 photosPRICE CHANGE · 114 days
$1,180,000See Homsy estimate →
5689 MAIN StreetHospital, Niagara Falls, ON L2G 5Z3 · Sale · MLS® X13502100
--Bedrooms
--Bathrooms
3200Sq ft
12Parking
--Per sq ft
About this home
The homeTaxes$12,102/yr
PossessionFlexible
All listing details
- 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.
- Commercial use
- Commercial Retail
- Rate
- $1,180,000 (For sale)
- Financial · Annual taxes
- $12,102 (2025)
- Space · Total area
- 3200 ft²
- Space · Retail area
- 2,000 ft²
- Site · Lot size
- 54.13 × 198.49 ft
- Building · Parking
- 12 spaces
- Building · Freestanding
- Yes
- Business · Business type
- Hospitality/Food Related
- Availability · Occupancy
- Flexible
- Property type
- Commercial Retail
- Style
- Multi-Use
- Heating
- Gas Forced Air Open
- Air conditioning
- Yes
- Garage
- None
- Parking spaces
- 12
Homsy found 5 things to know before you buy
What it's worthSign in to see the 5 things Homsy found about this home
What the current price, the competition and the listing signals mean before you make an offer.
The area
AreaUnavailablewalk to transit
Unavailablegrocery stores within 1 km
Unavailablepublic schools within 1 km
Unavailableparks within 1 km
Price & listing history
What it's worthSign in to see price & listing history
Previous listing activity, every price change and the sold history available to verified buyers.
Homsy estimate
What it's worthSign in to see the Homsy estimate
Homsy's estimated value and a suggested starting point, based on the market evidence available for this home.
Cost to own
CostKnown monthly carrying costs
— / month
MortgageAdd your rate →
We don't assume a rate for you — enter the rate you've actually been quoted.
Sold nearby
What it's worthSign in to see what similar homes sold for
Compare sold prices against asking prices for relevant nearby homes and in this building.
Not quite right? Similar homes for sale
AlternativesView all similar homes →
Like this one? Tell Alex your number.
No pressure, no obligation — a call to talk it through.