5470 + 5480 Victoria Avenue

About this home

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.

Details

Type

Commercial Retail

Lot

120 × 115 ft

Garage

Outside/Surface

Property tax

$22,177 (2025)

Neighbourhood

214 - Clifton Hill

Municipality

Niagara Falls

Heating, cooling and services

Heating

Gas Forced Air Closed

Air conditioning

Yes

Water and sewer

Sanitary

Utilities

Yes

Building and exterior

Building area

0 Acres

More

Possession

Flexible

Cross street

Victoria Ave and Falls Ave