$2,999,999
Available - For Sale
Listing ID: X13161710
5470 + Victoria Avenue , Niagara Falls, L2G 3L2, Niagara
| 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! |
| Price | $2,999,999 |
| Taxes: | $22177.21 |
| Tax Type: | Annual |
| Assessment Year: | 2026 |
| Occupancy: | Tenant |
| Address: | 5470 + Victoria Avenue , Niagara Falls, L2G 3L2, Niagara |
| Postal Code: | L2G 3L2 |
| Province/State: | Niagara |
| Legal Description: | LT 431A PL 298 TOWN OF NIAGARA FALLS; LT |
| Directions/Cross Streets: | Victoria Ave and Falls Ave |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 0.32 |
| Total Area Code: | Acres |
| Retail Area Code: | Sq Ft |
| Days Open: | O |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | F |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary |
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| ROYAL LEPAGE NRC REALTY |
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Rocky Li
Realtor
Dir:
416-567-3688
Bus:
905-604-6855
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 214 - Clifton Hill |
| Tax: | $22,177.21 |
| Fireplace: | N |
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