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For Sale - 5470 + 5480 Victoria Avenue, Niagara Falls, Ontario

5470 + 5480 Victoria Avenue

Niagara Falls , Ontario

$2,999,999

Est payment $14,406/mo

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Time on Jump 88 day

AI Summary *

Two parcels offering a prime location in a busy tourist area.
Includes a restaurant with an updated residential living space.
Rare private parking lot for 17 cars, perfect for convenience.
Solid lease agreements ensure steady cash flow and income escalation.
Zoned for mixed-use, allowing for various future development options.

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Purchase Price

Term

Interest Rate

Payment Frequency

Down Payment:
$ 149,999 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

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.

Listing IDX13161710

Address5470 + 5480 Victoria Avenue

CityNiagara Falls, Ontario

Price$2,999,999

StyleCommercial Retail

Land Size13777

TypeIndustrial/Commercial

StatusFor Sale

Extras

Subtype Commercial RetailHeating / Cooling Gas Forced Air ClosedSewer Sanitary

Market Info

Listing Agency:
ROYAL LEPAGE NRC REALTY

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Listing Agency:
ROYAL LEPAGE NRC REALTY

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For Sale - 5470 + 5480 Victoria Avenue, Niagara Falls, Ontario

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