95
$1,350,000
5991 Lundys Lane E, Niagara Falls, ON L2G 1T2
Hospital
3,000 sf
1 months on marketMLS® X13650662
Listing courtesy of HOMELIFE SUPERSTARS REAL ESTATE LIMITED
Hospital · L2G 5Z3
$1,280,000
$400 / sq ft2 months on market
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$1,350,000
Hospital
Listing courtesy of HOMELIFE SUPERSTARS REAL ESTATE LIMITED
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.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced in line with comparable listings — about 69% of comparable retail listings in Niagara Falls are asking less.
Based on 36 comparable active retail listings in Niagara Falls. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $1,280,000. 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.