$1,249,900 - 5815 Main Street, Niagara Falls
Commercial for Sale in Niagara Falls
New — Listed 5 days agoNeighbourhood: 215 - Hospital
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- MLS Number
- X13854386
- Property Type
- Commercial
- Status
- active
- Days on Site
- 5
- Bedrooms
- 0
- Bathrooms
- 3
- Square Feet
- 1,539 sqft
- Neighbourhood
- Niagara Falls
- Taxes (2026)
- $8,069
- Listing Brokerage
- ONE PERCENT REALTY LTD.
Remarkable location! Sale including: Land, Building, and active European Restaurant. Having the opportunity to work and live under one roof is awaiting. The well-established restaurant is a turn-key operation which includes 30 dining room seats and 15 outdoor seats on a fenced patio. Both are liquor licensed. Separate entrance, formerly a bake shop, suggests a business addition for take out or mini-shop of any kind to cater tourists and locals. Plenty of parking in the area and the city parking at the steps of the restaurant. The second floor consists of a residential one-bedroom apartment with an office and a kitchen; brand new kitchen cupboards and the engineered wood flooring. The prime location in Niagara Falls. Close proximity to the Falls, major entertainment centre, casino district, attractions and much more. As Niagara Falls is a world destination and proposed development will make that even more attractive, this property is a gem for a great investment. An extra-large backyard 200 feet deep with a two-car garage. Until now the fenced backyard is used for gardening, however it is general commercial zoned so the opportunities are endless. Plenty of space for your new adventure and hobby. This unique property is great for someone who is looking for independence.
Estimate your monthly payments for this property
Estimated Payment
$5,528.73/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover 215 - Hospital
215 - Hospital is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in 215 - Hospital
- •Convenient location in Niagara Falls
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
215 - Hospital offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
5815 Main Street, Niagara Falls
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $812/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Just Listed — Take Your Time
This property just hit the market. Commercial due diligence is thorough and takes time — environmental assessments, lease review, financial statement analysis, and zoning confirmation. Unlike residential, there's rarely a multiple-offer frenzy. Act with focus, not urgency.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Niagara Falls transactions.