$2,888,000 Sale

Listed 12 hours ago

5470 + 5480 VICTORIA AVENUE

MLS® x14137006 Retail

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Beds · 0

Baths · 0.0

Parking · 17

Sqft · -

Est. mortgage

$10,956/mo

Key Facts

Key facts for 5470 + 5480 VICTORIA AVENUE

Property Type

Commercial

Parking

Garage: No, 17 parking

MLS #

X14137006

Size

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

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-fl...oor 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! (id:10452)

Full Property Details

Interior

Washrooms

0.0

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

13777 ac

Parking Spaces

Garage Spaces Y/N

Zoning Description

Acreage

13777 ac

Parking Spaces

Garage Spaces Y/N

Zoning Description

Building Description

Home Type

Commercial

Subtype

Retail

Sewers

Sanitary sewer

Water Supply

Municipal water

Home Type

Commercial

Subtype

Retail

Sewers

Sanitary sewer

Water Supply

Municipal water

Community

Clifton Hill

Area Code

Niagara Falls (Clifton Hill)

Community

Clifton Hill

Area Code

Niagara Falls (Clifton Hill)

Other

Virtual Tour Link

https://youtu.be/d34sDo_ga1c

Virtual Tour Link

https://youtu.be/d34sDo_ga1c

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Lindsey Phieffer

Email: [email protected] Cell: 905-892-6577