New Listing
5470 + 5480 Victoria Avenue,Niagara Falls, ON L2G 3L2
Niagara Falls, ON L2G 3L2
Description
TWO PARCELS FOR THE PRICE OF ONE! Secure a prime strategic footprint in the second most visited city in the country. Zoned Tourist Commercial (TC), this coveted assembly sits in the heart of Niagara Falls high-traffic Clifton Hill entertainment subdistrict. Features 5470 Victoria Ave (luxury main-floor restaurant with recently updated 4-bed, 3-bath upper residential space) AND 5480 Victoria Ave (rare 17-car private lot ideal for an automated, zero-maintenance parking gate system). STUNNING SECURED CASH FLOW: Completely de-risked by a stellar lease agreement locking in aggressive contractual escalations: $12,000/m in 2028, $13,500/m in 2030, and $15,000/month in 2032. Collect premium, escalating hassle-free income , plan a future high-rise, or execute a retail boutique store. Located in close proximity to the highly anticipated 50-storey 'Music City' Hotel/Entertainment Hub and 4-level city parking structure. The zoning allows endless possibilities. The window to buy before this pocket explodes is closing fast. Book your private tour today!
Details
| MLS # | X14137006 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Listing Provided By | ROYAL LEPAGE NRC REALTY | X14137006 292602 |
Features
| SQ Feet | 13,721 |
|---|---|
| Acreage | 0.32 |
Interior
| Cooling | Yes |
|---|
Exterior
| Security Features | No |
|---|
Utilities
| Utilities | Yes |
|---|---|
| Sewer | Sanitary |
Taxes
| Tax Annual Amount | 22177.21 |
|---|---|
| Tax Assessed Value | 455000 |
| Tax Type | Annual |
| Tax Legal Description | LT 431A PL 298 TOWN OF NIAGARA FALLS; LT 432A PL 298 TOWN OF NIAGARA FALLS; LT 431 PL 285 TOWN OF NIAGARA FALLS; LT 432 PL 285 TOWN OF NIAGARA FALLS ; NIAGARA FALLS & LT 431A PL 298 TOWN OF NIAGARA FALLS; LT 432A PL 298 TOWN OF NIAGARA FALLS; LT 431 PL 285 TOWN OF NIAGARA FALLS; LT 432 PL 285 TOWN OF NIAGARA FALLS ; NIAGARA FALLS |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | Niagara Falls |
| Postal Code | L2G 3L2 |
| Area | 214 Clifton Hill |
| Listing VS Median (in L2G 3L2) | |
Price: $2,888,000 low | high Med: $1,513,500 sqft: 13,721 low | high Med: 8,061 $ / sqft: $210 low | high Med: $134 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | Niagara Falls |
| Postal Code | L2G 3L2 |
| Area | 214 Clifton Hill |
| Listing VS Median (in L2G 3L2) | |
Price: $2,888,000 low | high Med: $1,513,500 sqft: 13,721 low | high Med: 8,061 $ / sqft: $210 low | high Med: $134 | |
