Salehian.com 647-325-5000

5689 MAIN Street

215 - Hospital, Niagara Falls, L2G 5Z3

$1,180,000

Reduced $100,000 from $1,280,000

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Listed 112 days ago · MLS® X13502100

About this home

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.

Details

Type
Commercial Retail
Lot
54.13 × 198.49 ft
Garage
None
Kitchens
0
Property tax
$12,102 (2025)
Neighbourhood
215 - Hospital
Municipality
Niagara Falls

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes
Utilities
Available

Building and exterior

Building area
3,200 Square Feet

More

Possession
Flexible
Cross street
Main St & Summer St
Business type
Hospitality/Food Related

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 2 grocery stores, 32 cafés and restaurants, 2 parks, 5 pharmacies. Nearest grocery: Wholesale Club (150 m). Nearest park: Coronation Park (300 m).

Schools nearby

Elementary

  • Princess Margaret Public School
    EQAO: Gr 6 reading 98%, math 78%    1.3 km
  • Valley Way Public School
    EQAO: Gr 6 reading 80%, math 40%    1.4 km
  • St. Mary Catholic Elementary School Catholic
    EQAO: Gr 6 reading 100%, math 100%    1.5 km
  • École élémentaire LaMarsh French
    EQAO: Gr 6 reading 90%, math 76%    1.5 km

Secondary

  • Stamford Collegiate
    EQAO: Gr 9 math 62%, literacy test 80%    7 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L2G

Owners / renters
63% / 37%
Median household income
$69,000
Average age
44
Children under 15
14%
Homes
63% detached, 3% high-rise
Commute by transit
3%
Population
30,344

Languages spoken most at home besides English: Punjabi (Panjabi) 1.3%, Tagalog (Pilipino, Filipino) 1.1%, Spanish 0.9%, Mandarin 0.8%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Niagara Region (St. Catharines) police: 54 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 66 km. Transit times · Driving times

Noise 1 source nearby

  • 🛣️ Highway 420450 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ANJIA REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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