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! ***Seller will consider a Vendor Take-Back (VTB) mortgage up to 50% of the purchase price, subject to mutually agreeable terms, conditions, and interest rate.
Address
5470 + 5480 Victoria Avenue
List Price
$2,999,999
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Niagara Falls
Sub-Area
214 - Clifton Hill
Region
Niagara
Lot Size Source
MPAC
Lot Depth
115
Lot Type
Lot
Lot Size Units
Feet
Lot Width
120
Parcel Number
643430029
Total Building Area
0.315
Occupant Type
Tenant
Cross Street
Victoria Ave and Falls Ave
MLS® Number
X13161710
Listing Brokerage
ROYAL LEPAGE NRC REALTY
Postal Code
L2G 3L2
Posession Details
Flexible
Parking Spaces
17
Tax Amount
$22,177.21
Tax Year
2025
Standard Status
Active
Board Or Association
Niagara Association of REALTORS
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
Outside/Surface
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
Security Features
No
Sewer
Sanitary
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