5470 + 5480 Victoria Avenue,Niagara Falls (Clifton Hill), ON L2G3L2
Niagara Falls (Clifton Hill), ON L2G3L2
Description
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. (id:13843)
Details
| MLS # | X13161710 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 151 |
| Listing Provided By | ROYAL LEPAGE NRC REALTY | Donna Park |
Features
| Zoning | TC |
|---|---|
| Acreage | 13777.00 |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Parking
| Parking Total | 17 |
|---|
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 22177.21 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | Niagara Falls (Clifton Hill) |
| Postal Code | L2G3L2 |
| Listing VS Median (in L2G3L2) | |
Price: $2,999,999 low | high Med: $139,000 On site: 151 low | high Med: 102 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Niagara Falls (Clifton Hill) |
| Postal Code | L2G3L2 |
| Listing VS Median (in L2G3L2) | |
Price: $2,999,999 low | high Med: $139,000 On site: 151 low | high Med: 102 | |