Victoria Avenue, Niagara Falls (Clifton Hill), Ontario, L2G3L2
This retail property in Niagara Falls is for sale. It has been on the market 3 days, fresher than the Niagara Falls average of 85 days.
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! (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 3 days on market, against an average age of 85 days across the listings currently for sale in this city
This retail in Niagara Falls (Clifton Hill) has been listed for 3 days, which is 82 days fresher than the city average of 85. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,888,000, about 41.9× the local median household income of $69,000.
Carrying it typically needs a household income of about $564,127 (20% down, 25-yr amortization, stress-tested) — roughly 718% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2G)
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