5689 MAIN Street
Niagara Falls, ON
- 3,200 sqft
- Commercial Retail
- 71 days on market
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 Details
- Taxes (2025)
- $12,102
- Listed
- June 29, 2026
Price History
Listing history
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Property
- Lot Size
- 54.13 x 198.49 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Main St & Summer St
- Zoning
- GC, R1E
- Parcel Number
- 643150096
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Hospitality/Food Related
Included
- Rental Items
- HVAC
Community
Postal area L2G
- Population
- 30,344
- Private dwellings
- 13,412
- Median age
- 44.8
- Average household size
- 2.4
- Median household income
- $69,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Niagara Falls · last 12 months
- Median sold price
- $560,000
- Homes sold
- 1,064
- Median days on market
- 31
- Sale-to-list price
- 96.2%
Based on 1,064 recorded sales of commercial properties in Niagara Falls over the last 12 months.
Listed by
ANJIA REALTY
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 3,200 sq ft
- Price per sq ft
- $400.00
- Annual property tax
- $12,102
- Tax per sq ft
- $3.78
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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