$1,789,000
5936 MAIN STREET
Beds
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Baths
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Sqft
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Year
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Type
Retail
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Niagara Falls (Dorchester). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Prime Mixed-Use Investment Opportunity in the Heart of Niagara Falls' Tourism Core. Rare chance to own LAND & BUILDING steps to Clifton Hill, Fallsview Casino, major hotels, and top tourist attractions-one of the highest traffic locations in Niagara Falls.13,240 SF freestanding building offered in raw shell condition with 10-11 ft ceilings, allowing full customization. Zoned GC - General Commercial, the property allows for numerous permitted uses, including restaurants, cafés, retail, medical, office, fitness, entertainment, and daycare facilities, making it ideal for both owner-users and investors. Strong value-add potential with proposed plans:2 commercial units (main level), 9 residential units (2nd & 3rd floors), 14 parking spaces, Commercial storage space in the basement. Adding to the long-term value, Niagara Falls continues to benefit from major government-backed investment initiatives transforming the region into a global destination-often referred to as the "Las Vegas of the North." Surrounded by new developments, hospitality projects, and the upcoming South Niagara Hospital, the area is positioned for strong appreciation and sustained income growth.A Vendor Take-Back (VTB) is available for qualified buyers, providing additional financing flexibility.A rare opportunity to secure a high-exposure, high-potential asset in one of Ontario's fastest-growing tourism markets-where location, zoning, and redevelopment potential come together. (id:65958)
- Subtype
- Retail
- Community
- 216 - Dorchester
- Living area
- 13,240 square feet
- Lot dimensions
- 39.7 x 186.8 FT ; Irregular
- On market
- Apr 17, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $7,018.11
- Zoning
- GC
- Photos
- 41
- MLS#
- X13012190
- Area
- NIAGARA_FALLS_(DORCHESTER)
Features and systems
Heating
Cooling
Cash on cash
-6.32%
Cap rate
3.60%
GRM
16.7
Break-even rent
$10,935
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.