$1,268,800
Available - For Sale
Listing ID: X12096970
5689 MAIN Street , Niagara Falls, L2G 5Z3, Niagara
| Fantastic Investment Opportunity in Prime Niagara Falls Tourist District!Rare offering of a fully leased, income-generating mixed-use property just minutes from the world-famous Falls, Casino, and vibrant tourist core. This well-maintained building features a 2,000 sq ft fully equipped Chinese restaurant with a long-term tenant paying $4,300/month + HST, and a beautifully updated residential unit upstairs leased for $2,000/month. The upper unit includes 2 bedrooms, 1 bath, a kitchen, and a loft area, ideal for long-term tenants or conversion to Airbnb for increased cash flow. Significant updates include electrical, plumbing, roof (2019), HVAC, A/C, and water heater (2021).Whether you're looking to collect solid rental income today or develop in the future, this high-traffic, high-visibility location near the heart of Niagara Falls tourism is a rare gem. |
| Price | $1,268,800 |
| Taxes: | $12102.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 5689 MAIN Street , Niagara Falls, L2G 5Z3, Niagara |
| Postal Code: | L2G 5Z3 |
| Province/State: | Niagara |
| Legal Description: | PT BLK W/S PORTAGE RD OR MAIN ST PL 653 |
| Directions/Cross Streets: | MAIN STREET BETWEEN NORTH STREET & SUMMER STREET |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Use: | Hospitality/Food Related |
| Building Percentage: | T |
| Total Area: | 3200.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | T |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX DYNAMICS REALTY |
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48.12 ft x 19
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 215 - Hospital |
| Tax: | $12,102 |
| Fireplace: | N |
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