5485 Victoria Avenue
Niagara Falls, ON
- 19,030 sqft
- Commercial Retail
- 128 days on market
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.
Listing Details
- Taxes (2025)
- $22,750
- Originally Listed
- $5,200,000
- Listed
- May 6, 2026
Price History
Listing history
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Property
- Lot Size
- 174 x 155.1 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Kitchener Street
- Zoning
- TC
- Parcel Number
- 643440152
- Possession
- Flexible
- Occupancy
- Vacant
Commercial
- Business Type
- Other
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
Commercial in Niagara Falls · last 12 months
- Median sold price
- $560,000
- Homes sold
- 1,064
- Median days on market
- 31
- Sale-to-list price
- 96.2%
Based on 1,064 recorded sales of commercial properties in Niagara Falls over the last 12 months.
Listed by
RE/MAX ESCARPMENT GOLFI REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 19,030 sq ft
- Price per sq ft
- $252.23
- Annual property tax
- $22,750
- Tax per sq ft
- $1.20
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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