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Home ON St. Catharines - Niagara Niagara Region Niagara Falls Drummond - Victoria
5689 MAIN STREET
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5689 MAIN STREET $1,260,000
$1,260,000
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5689 MAIN STREET
Niagara Falls (Hospital), Ontario L2G5Z3

MLS® Number: X12572472

Listing Description

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. (41704776)

Location Description

Cross Streets: MAIN STREET BETWEEN NORTH STREET & SUMMER STREET. ** Directions: Main St & Summer St.

Property Summary

Property Type
Retail
Community Name
215 - Hospital
Land Size
Bldg=54.13 x 198.49 FT ; 48.12 ft x 198.74 ft x 54.13 x 198.49
Annual Property Taxes
$12,102
Total Parking Spaces
12
Time on REALTOR.ca
21 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Neighbourhood Features
Amenities Nearby
Public Transit
Parking
Total Parking Spaces
12

Measurements

Square Footage
3200 sqft
Exterior Building Size
3200 sqft

Land

Lot Features
Frontage
54 ft ,1 in
Land Depth
198 ft ,5 in
Other Property Information
Zoning Description
GC, R1E
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William Lam