$1,589,000 - 5936 Main Street, Niagara Falls
Commercial for Sale in Niagara Falls
New — Listed 5 days ago- MLS Number
- X13249178
- Property Type
- Commercial
- Status
- active
- Days on Site
- 5
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 13,240 sqft
- Neighbourhood
- Niagara Falls
- Listing Brokerage
- COSMOPOLITAN REALTY
BUY WITH ONLY $300K DOWN! Rare opportunity to secure a freestanding 13,240 sq. ft. mixed-use commercial/residential building with land in the heart of Niagara Falls' high-exposure tourism corridor. Vendor Take-Back financing is available for qualified buyers, offering added flexibility and lower upfront capital. Situated just steps to Clifton Hill, Fallsview Casino, major hotels, restaurants, attractions, and the new Niagara Falls Exchange, this property is positioned in one of the region's most visited and active growth areas. Zoned General Commercial (GC), allowing a wide range of potential uses including DAYCARE, RESTAURANT, CAFÉ, BREWERY, RETAIL, MEDICAL OFFICE, PROFESSIONAL OFFICE, COWORKING, FITNESS, ENTERTAINMENT, HOSPITALITY, RESIDENTIAL APARTMENTS, SHORT-TERM RENTAL ACCOMMODATIONS, AND MORE. Offered in raw shell condition with impressive 10-11 ft ceilings, this property provides a blank canvas for investors, developers, owner-users, or operators looking to customize and reposition the asset. Concept plans propose 2 commercial units on the main level, 9 residential units on the upper floors, 14 parking spaces, and basement storage space, creating strong potential for multiple income streams. Excellent opportunity for redevelopment, repositioning, or a customized mixed-use project in a rapidly evolving Niagara Falls location. With continued tourism demand, nearby infrastructure improvements, and future growth in the area, this high-visibility asset offers strong long-term upside. Immediate possession available.
Estimate your monthly payments for this property
Estimated Payment
$7,028.68/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 Niagara Falls
Niagara Falls 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 Niagara Falls
- •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
Niagara Falls 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.
5936 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 $120/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. 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.