5689 MAIN StreetNiagara Falls, Niagara, ON, L2G 5Z3
5689 MAIN StreetNiagara Falls, Niagara, ON, L2G 5Z3
Property Location
Listing History
Buy/sell history for 5689 MAIN Street, Niagara Falls, ON L2G 5Z3
| Date Start | Date End | Event | Price | MLS# |
|---|---|---|---|---|
0 Transactions by CPRB Agents
Top Agents in Niagara Falls
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.
Features
No features availableAmenities
Summary
Rooms
Details
Property
Building
Inside
Parking
Utilities
Land
Property Location
Contact Representative
$1,180,000
List price