5689 Main Street, Niagara Falls, Ontario L2G 5Z3

Listed for:

$1,280,000

0 beds

0 baths

Listed 2 days ago

5689 Main Street, Niagara Falls, Ontario L2G 5Z3

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About

Cross Streets: Main St & Summer St. ** Directions: ON MAIN STREET AND BETWEEN NORTH STREET & SUMMER STREET. 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. (id:27476)

Property Highlights

MLS® Number

X13502100

Type

Retail

Community Name

215 - Hospital

Land Size

Bldg=54.13 x 198.49 FT ; 48.12 ft x 198.74 ft x 54.13 x 198.49

Parking Space Total

Building

Square Footage

3200 sqft

Amenities

Public Transit

Fireplace Present

Basement Type

Basement Features

Building Heating Type

Forced air

Heating Fuel

Natural gas

Building Cooling Type

Fully air conditioned

Utilities

Water

Municipal water

Location

Learn more about this property

Listing provided by:

ANJIA REALTY

MLS® number:

X13502100

Agent:

Ming Cheng

Phone:

(905) 808-6000

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