5470 & 5480 Victoria Avenue
Niagara Falls, L2G 3L2
FOR SALE
$2,888,000
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Commercial Retail
CATEGORY 3,613 Sq Ft
RETAIL AREA X14137006
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Property 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!
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Property Details
Address
5470 & 5480 Victoria Avenue
Community
City
Postal Code
L2G 3L2
Property Type
Commercial Retail, Commercial Retail
Use
Multi-Use
Zoning
TC
Lot Size
120' x 115'
Retail Area
3,613 Sq Ft
Acreage
13,777.0 Feet
Taxes
$22,177 (2025
Heat Type
Gas Forced Air Closed
Water
Municipal
Parking Spaces
17
Garage Type
Outside/Surface
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Listing contracted with Royal Lepage Nrc Realty
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