5470 + 5480 Victoria Avenue
Niagara Falls, ON
- 0.32 sqft
- Commercial Retail
- 107 days on market
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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $22,177
- Listed
- May 22, 2026
Price History
Property
- Lot Size
- 120 x 115 Feet
Parking
- Garage
- Outside/Surface
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Victoria Ave and Falls Ave
- Zoning
- TC
- Parcel Number
- 643430029
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- All Kitchen equipment in Restaurant on main floor
- Exclusions
- Tenant's belongings
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
- 1,066
- Median days on market
- 31
- Sale-to-list price
- 96.2%
Based on 1,066 recorded sales of commercial properties in Niagara Falls over the last 12 months.
Listed by
ROYAL LEPAGE NRC REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $22,177
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. This listing mentions 17-car private lot. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?