5689 Main Street, Niagara Falls (Hospital), Ontario

About 5689 Main 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:6289)

More Info on this 215 - Hospital MLS® listing

5689 Main Street is a listing for sale in Niagara Falls (Hospital). The MLS® number is X13502100. It covers 3,200 square feet. It's currently listed for $1,180,000. For more details on MLS® X13502100, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in 215 - Hospital is available now!

Selling your 215 - Hospital property?

Have a similar home to 5689 Main Street? If you’re thinking about selling your 215 - Hospital property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Niagara Falls (Hospital) property.

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