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5485 VICTORIA Street

5485 VICTORIA Street

Niagara Falls, Ontario

19,030 sqft • Other

$4,799,999

Rare redevelopment opportunity in the heart of Niagara Falls’s rapidly evolving tourist district. Situated on a prominent 0.536-acre corner parcel with exceptional frontage on Victoria Avenue, this high-exposure property is among the closest privately available development sites to Clifton Hill, the Falls, major casinos, hotels, nightlife, and the U.S. border. Zoned Tourist Commercial (TC), the site offers outstanding potential for a boutique hotel, entertainment venue, brewery, mixed-use concept, or future redevelopment project in one of Canada’s most visited destinations. The existing ±19,030 sq ft structure spans multiple levels and showcases a striking stone exterior, soaring cathedral ceilings, exposed wood construction, stained-glass windows, expansive hall with stage, full commercial kitchen, balcony, and a fully finished lower level with multiple rooms and amenities. The scale, architectural character, and visibility create a rare opportunity for adaptive reus! e or repositioning. Niagara Falls continues to experience major public and private investment focused on tourism, entertainment, and year-round destination growth, further strengthening the long-term potential of this location. With direct QEW access and unmatched proximity to major attractions, properties of this size, exposure, zoning, and character rarely become available in Niagara Falls’ core tourist area.

Price History

Schools

Elementary

  • Plymouth Public School0.3 km

    Public · DSB Niagara · 460 students

    Grade 3 reading: 97% met the provincial standard · Grade 6 math: 100% met the provincial standard

  • St Mary Catholic Elementary School0.6 km

    Catholic · Niagara CDSB · 205 students

    Grade 3 reading: 67% met the provincial standard · Grade 6 math: 50% met the provincial standard

  • Princess Elizabeth Public School1 km

    Public · DSB Niagara · 465 students

    Grade 3 reading: 80% met the provincial standard · Grade 6 math: 48% met the provincial standard

Secondary

  • Eastdale Secondary School1.6 km

    Public · DSB Niagara · 455 students

    Grade 10 literacy: 92% met the provincial standard

  • Notre Dame College School1.6 km

    Catholic · Niagara CDSB · 1130 students

    Grade 10 literacy: 85% met the provincial standard

  • École secondaire Franco-Niagara1.7 km

    French public · CS Viamonde · 120 students

    Grade 10 literacy: 100% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area L2G

Population
30,344
Private dwellings
13,412
Median age
44.8
Average household size
2.4
Median household income
$69,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Other in Niagara Falls · last 12 months

Median sold price
$561,000
Homes sold
1,069
Median days on market
31
Sale-to-list price
96.2%

Based on 1,069 recorded sales of other properties in Niagara Falls over the last 12 months.

Location

Mortgage Calculator

$960,000

Estimated Monthly Payment

$23,581

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $23,581/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $1,200/mo

Estimates only. Consult a financial advisor.

R

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