For sale 40$2,999,999
Victoria Avenue
Clifton Hill, Niagara Falls, Ontario L2G3L2
For sale· Added
About this property
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.
Location
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Property details
Listing
- MLS® number
- X13161710
- Added
- May 22, 2026 ()
- Updated
- Jul 20, 2026 ()
- Info refreshed
Overview
- Property type
- Retail
Inside
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Fireplace
- No
Building
- Parking
- 17 spaces
Land
- Frontage
- 120 ft
- Lot area
- 13777 acres
- Zoning
- TC
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Location
- Cross streets
- Victoria Ave and Falls Ave
Running costs
- Annual property tax (2026)
- $22,177
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