6235 Drummond Road Niagara Falls, Ontario L2G 4M5
$1,499,000
Exceptional mixed-use investment opportunity in one of Niagara Falls' most convenient and sought-after commercial corridors! Ideally situated in a high-visibility, central location just minutes from the Lundy's Lane Tourist District and the Fallsview Casino District, this well-maintained property offers outstanding long-term income potential in a thriving area.The property consists of two buildings with ample on-site parking, offering a total of nine rental units, including three commercial units and six residential apartments. Generating approximately $157,000 in annual gross rental income and offering a cap rate of approximately 7.5%, this is an excellent opportunity for investors seeking strong, reliable returns.One of the property's greatest assets is its exceptional tenant profile. Two of the commercial tenants have successfully operated their businesses here for over five years, while all six residential units are occupied by long-term tenants who take pride in their homes, maintain their units exceptionally well, and have an excellent history of on-time rent payments. Rents are largely in line with today's market, providing immediate, dependable cash flow while offering continued upside. With a stable tenant base and well-maintained buildings, this is truly a minimal-management investment.Ownership has completed numerous capital improvements, including a new electrical panel in Building #2, new owned hot water tanks in Building #1, and a new sewage system servicing Building #2, giving future owners added confidence and reducing the likelihood of major capital expenses.Whether you're expanding an existing portfolio or acquiring your first mixed-use asset, opportunities like this are becoming increasingly rare. A turnkey investment offering strong financial performance, quality tenants, and an unbeatable Niagara Falls location. Please click the links attached to for a full property virtual tour/photos. 1 of the agents will meet you there so it's easy to show. (id:50964)
Property Details
| MLS® Number | X13612460 |
| Property Type | Retail |
| Community Name | 216 - Dorchester |
| Amenities Near By | Highway, Public Transit |
| Features | Irregular Lot Size |
Building
| Bathroom Total | 9 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 11786.47 Sqft |
| Size Interior | 11,786 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 115 Ft |
| Size Frontage | 119 Ft ,11 In |
| Size Irregular | Bldg=119.99 X 115 Ft ; Lot Depth N/a As Per Geo |
| Size Total Text | Bldg=119.99 X 115 Ft ; Lot Depth N/a As Per Geo |
| Zoning Description | Nc, R1e |
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July 29 2026 02:53:34
Niagara Association of REALTORS®
RE/MAX Niagara Realty Ltd, Brokerage