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$297,000 total
1,213 SF
Asset Class
Office
Size
1,213 SF
Building class
B
Zoning
DC1 — Direct Control
$ / SF
$245
Occupancy
90%
Why lease when you can own? Rare opportunity to acquire a penthouse double office suite in a well-known professional medical building directly across from the Greater Niagara General Hospital. The condo unit offers a functional layout with four exam rooms, two consultation rooms, lab space, reception area, private in-suite washroom, and a shared waiting room. This bright professional space has elevated views, and recent building updates include new elevators.The building is home to a strong network of referring physicians and medical professionals, including family doctors and specialists, and has a pharmacy and lab on site. It is centrally located with convenient access to the QEW and public transit, and has ample on-site parking. The condo fees include all utilities (excluding phone and internet), on-site superintendent/handyman, parking lot and garden maintenance, and snow removal. This is a professionally managed condominium with an owner-led board. Medical, dental, and health-related uses only. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$16K
Annual cash flow
$-317
Cash-on-cash
-0.36%
DSCR
0.98
Going-in cap
5.43%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 492 SF | 2032-11 |
| Aurora Legal LLP | 602 SF | 2032-11 |
Trade area within 3 miles of the property.
Population
76,136
Households
34,024
Median income
$105,500
Median age
46
Daytime population
75,073
5-yr growth
2.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 603-604 - 5400 PORTAGE ROAD, Niagara Falls (Hospital).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.