5689 MAIN STREET, Niagara Falls (Hospital)
$1,180,000
For sale: Other
- Property type
- Commercial Retail
- MLS®
- MLS® X13502100
- Neighbourhood
- 215 - Hospital
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.
Sold data
Homes in Hospital — recent sold market
Homes in Hospital took a median of 26 days to sell over the last 365 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 71, across 44 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 32 days.
The median sale price was $499,900.
Homes sold for about 5.0% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
- Median days to sell
- 27
- Median sale price
- $499,900
- Sale-to-list ratio
- 95.0%
- Sold above asking
- 9%
Based on 44 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Niagara Falls (Hospital)
Niagara Falls (Hospital) has 31 Fraser Institute–rated schools (26 elementary and 5 secondary), averaging 7.6/10.
- Rated schools
- 31
- Elementary
- 26
- Secondary
- 5
- Average rating
- 7.6 / 10
Top-rated schools in Niagara Falls (Hospital)
- Kate S Durdan — elementary, Niagara FallsFraser rating 10.0/10
- Father Hennepin — elementary, Niagara FallsFraser rating 9.9/10
- St Vincent de Paul — elementary, Niagara FallsFraser rating 9.9/10
- Orchard Park — elementary, Niagara FallsFraser rating 9.8/10
- Simcoe Street — elementary, Niagara FallsFraser rating 9.4/10
- Heximer Avenue — elementary, Niagara FallsFraser rating 9.3/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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