$3,395,000
For sale: Other

Prime Commercial Property On Lundy's Lane, Niagara Falls. A Rare Opportunity To Own A Free-Standing Commercial Building With Drive-Thru And 29 Parking Spots In The Heart Of Niagara Falls. Property Currently Leased To Nationally recognized quick service restaurant (QSR) brand With A Long-Term Lease In Place, Good For Investors. The Highlight Of This Property Is The Zoning: GC (General Commercial). This Is A Fully Renovated Building In 2023 (Interior And Exterior): New Walls, New Flooring, New Plumbing, New Washrooms, New Electrical Wiring, New Roof Membrane, Handicap Door And Bathroom, New HVAC Units And New Upgraded Electric Panel. This High Traffic Location Captures Both Tourists And Local Traffic, Making It A Perfect Location For A Restaurant, Retail Business And Much More. The City Of Niagara Falls Attracts Millions Of Tourists Annually And Has An Estimated Population Of 98,000 And Growing, Making It A Perfect Investment Opportunity.(Real Estate Only, Business/Franchise Not Included)
Sold data
Homes in Niagara Falls (Hospital) took a median of 30 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 56, across 316 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.
The median sale price was $599,000.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 29% of sellers reduced their price before finding a buyer.
Based on 316 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Niagara Falls (Hospital) has 31 Fraser Institute–rated schools (26 elementary and 5 secondary), averaging 7.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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