24
$1,249,900
5815 Main Street, Niagara Falls, ON L2G 5Z6
Hospital
1,539 sf
1 months on marketMLS® X13854386
Listing courtesy of ONE PERCENT REALTY LTD.
1 / 9
For saleMLS® X13502100
5689 MAIN Street, Niagara Falls, ON L2G 5Z3
Hospital · L2G 5Z3
$1,180,000
$369 / sq ft4 months on market
- Total area
- 3,200 sf
- Lot
- 54.13 × 198.49 ft
What's special
- Yes
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.
Property details
Property
- Property type
- retail
- Interior size
- 3,200 sq ft
- Lot size
- 54.13 × 198.49 ft
- Zoning
- GC, R1E
- Possession
- Flexible
Interior
- Heating
- Gas Forced Air Open
- Cooling
- Yes
Costs
- List price
- $1,180,000
- Property taxes
- $12,102 / year (2025)
- Price per sq ft
- $369
- Rental items
- HVAC
Listing
- MLS® number
- X13502100
- Status
- For sale
- Listed
- June 29, 2026
- Days on market
- 128
- Last updated
- September 30, 2026
- Listing brokerage
- ANJIA REALTY
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced in line with comparable listings — about 70% of comparable retail listings in Niagara Falls are asking less.
$413Median $799K$2.46M
- This home
- $369 / sq ft
- Comparable median
- $152 / sq ft
Based on 43 comparable active retail listings in Niagara Falls. These are asking prices, not sale prices.
Mortgage estimate
Down payment7.9% · minimum $93,000
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $6,010.21
- Property tax (est.)
- $1,008.50
- Estimated monthly
- $7,019
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $20,075
- Total due on closing
- $20,075
An estimate on the asking price of $1,180,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of ANJIA REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
Unlock nearby sold pricesFree. Takes about twenty seconds.
Similar properties nearby
95
$1,350,000
5991 Lundys Lane E, Niagara Falls, ON L2G 1T2
Hospital
3,000 sf
3 months on marketMLS® X13650662
Listing courtesy of HOMELIFE SUPERSTARS REAL ESTATE LIMITED