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5633 Victoria Avenue

5633 Victoria Avenue

Niagara Falls, ON

  • 1 sqft
  • Investment
  • 1072 days on market
$14,999,999Price reduced 37%

The subject property includes 5613-5633 Victoria Ave Together With 5629 Victoria Ave, 5645 Victoria Ave & 4890, 4902 Walnut Street, Niagara Falls. All Together 6 pins (643440105) (643440155) (643440106) (643440182) (643440090) & (643440156). 2,400 sq. ft. (5613 Victoria Ave.) - convenience store, 13,320 sq. ft. (5633 Victoria Ave.), multi-tenant tourist commercial. Parking Layout Includes 158 Spaces Total. Property is adjacent to Casino Niagara and an official plan amendment and zoning bylaw amendment were approved on August 30, 2022 by Niagara Falls City Council to permit 2 Mixed-Use Towers at the subject site, being 35 & 36 Storeys in height for a total gross floor area of 601,379 Sq Ft. 746 Residential Units plus 8,965 Sq Ft of commercial on 761 Parking spaces. Very High Profile Location. No Representations or Warranties.

Listing Details

Taxes (2023)
$157,761
Originally Listed
$23,900,000
Listed
September 28, 2023

Price History

Property

Lot Size
194.97 x 310 Feet

Parking

Garage
None

Location & Legal

Cross Street
Clifton Hill and Victoria Ave
Zoning
Tourist Commercial
Parcel Number
643440106
Occupancy
Vacant

Included

Rental Items
Ideal For Rental Apartments!

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
1,063
Median days on market
31
Sale-to-list price
96.2%

Based on 1,063 recorded sales of commercial properties in Niagara Falls over the last 12 months.

Listed by

INTERCITY REALTY INC.

Walk Score

Walk Score is unavailable for this address right now.

Commercial figures

Annual property tax
$157,761

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

R

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