5689 MAIN Street, Niagara Falls, ON L2G 5Z3
215 - Hospital, Niagara Falls · Near Main St & Summer St · View map
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.
The home
- Type
- Commercial retail
- Square footage
- 3200 sq ft
- Lot size
- 54.1 x 198.5 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Driveway spaces
- 12
- Total parking
- 12
Taxes & other
- Property taxes
- $12,102/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Main St & Summer St
- Neighbourhood
- 215 - Hospital
More
- MLS® number
- X13502100
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
5689 MAIN Street, Niagara Falls, ON L2G 5Z3
215 - Hospital, Niagara Falls · Near Main St & Summer St
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Listing history for 5689 MAIN Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 5689 MAIN Street
Answers come straight from this home’s MLS® listing.
How much is 5689 MAIN Street listed for, and what would it cost each month?
5689 MAIN Street is listed for $1,180,000. With 20% down ($236,000), the mortgage payment would be roughly $4,760 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,768 a month, all in. That figure is an illustration, not a quote.
Is 5689 MAIN Street freehold or a condo, and is there a monthly fee?
5689 MAIN Street is a commercial retail in 215 - Hospital, Niagara Falls. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 5689 MAIN Street have a garage and parking?
The listing does not show a garage. The driveway adds 12 spaces. In total the listing counts 12 parking spaces.
What style of home is 5689 MAIN Street?
5689 MAIN Street is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 5689 MAIN Street, and what is the lot size?
The lot is listed as 54.1 x 198.5 ft.
How is 5689 MAIN Street heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for 5689 MAIN Street?
Property taxes are $12,102 a year (2025), or about $1,009 a month.
Where is 5689 MAIN Street?
5689 MAIN Street is in the 215 - Hospital community of Niagara Falls. The nearest main intersection is Main St & Summer St. The postal code is L2G 5Z3.
Is 5689 MAIN Street still for sale?
Yes. It is an active listing (MLS® X13502100). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 5689 MAIN Street asking?
Similar properties for sale nearby right now include 5815 Main Street at $1,249,900, 6043 Main Street at $899,000 and 5890 Main Street at $1,499,990. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 5689 MAIN Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 5689 MAIN Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 215 - Hospital, picked by style, size and price.
Commercial retail$1,249,9005815 Main Street, Niagara Falls215 - HospitalCourtesy of: ONE PERCENT REALTY LTD.View home →
Investment$899,0006043 Main Street, Niagara Falls216 - DorchesterCourtesy of: The AgencyView home →
Commercial retail$1,499,9905890 Main Street, Niagara Falls216 - DorchesterCourtesy of: REVEL Realty Inc., BrokerageView home →Courtesy of: ANJIA REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.