5306 VICTORIA Avenue, Niagara Falls (Cherrywood) - Business for Sale
5306 VICTORIA Avenue, Niagara Falls (Cherrywood), Ontario, L2E4E8
This business in Niagara Falls is for sale offering roughly 12,000 sq ft of space. It has been on the market 36 days, fresher than the Niagara Falls average of 76 days.
Description
Prime Niagara Falls Investment Opportunity! Exceptional location at 5306 Victoria Ave., within walking distance to the Falls, Clifton Hill, Casino Niagara and major tourist attractions. Excellent access to Highway 420 and the QEW.Property features 16 fully furnished and renovated hotel rooms, currently operating as short-term rentals. Approximately 6,000 sq. ft. of restaurant space with two kitchens; approximately half is currently leased, with the remaining space available for an owner-user or additional tenant.Also includes a 4-bedroom upper-level apartment and a 1-bedroom basement apartment, both tenant-occupied and with separate entrances. Ample on-site parking adds significant value in this high-demand tourist area.A versatile property offering multiple income streams and excellent potential for investors, hospitality operators and owner-users. Rare opportunity to own a substantial income-producing property in a premium Niagara Falls location. (id:66096)
Property Details
- MLS®
- X13837422
- Property Type
- Business
- Business Type
- Accommodation
- Zoning
- GC
- Interior Size
- 12,000 ft²
- Lot Size
- 134 × 122 ft (16,428 sq ft)
- Frontage
- 134 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $13,843.58/yr
- Listed
- 36 days ago
Features
- Appliances
- Furniture
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 36 days on market, against an average age of 76 days across the listings currently for sale in this city
This business in Niagara Falls (Cherrywood) has been listed for 36 days, which is 40 days fresher than the city average of 76. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L2E)
This home lists at $4,900,000, about 80.6× the local median household income of $60,800.
Carrying it typically needs a household income of about $957,142 (20% down, 25-yr amortization, stress-tested) — roughly 1474% above the area median.
- Median household income
- $60,800
- Population
- 18,587
- Median age
- 46.4
- Owner / renter
- 61% / 39%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA L2E)
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$4,900,000
Niagara Falls