For sale 50$1,350,000
3,000 sq ft
5991 Lundys Lane East
Hospital, Niagara Falls
2 months agoMLS® X13650662
HOMELIFE SUPERSTARS REAL ESTATE LIMITED
$1,180,000
5689 Main Street
Hospital, Niagara Falls, Ontario L2G5Z3
For sale· Added
3,200 sqft
About this property
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.
Location
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Property details
Listing
- MLS® number
- X13502100
- Added
- Jun 29, 2026 ()
- Updated
- Sep 29, 2026 ()
- Info refreshed
Overview
- Property type
- Retail
Inside
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Fireplace
- No
Building
- Parking
- 12 spaces
Land
- Lot size
- Bldg=54.13 x 198.49 ft
- Lot notes
- 48.12 ft x 198.74 ft x 54.13 x 198.49
- Zoning
- GC, R1E
Services
- Water
- Municipal water
Location
- Cross streets
- Main St & Summer St
- Directions
- On Main Street And Between North Street & Summer Street.
Running costs
- Annual property tax
- $12,102
Price history
| Sep 29, 2026 | $1,180,000 | ▼ $100,000 |
| Sep 19, 2026 | $1,280,000 | First recorded price |
Price changes since Sep 19, 2026.
$1,180,000
5689 Main Street
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