5043 CENTRE STREET, Niagara Falls (Clifton Hill)

$399,000

For sale: Other

Other at 5043 CENTRE STREET, Niagara Falls (Clifton Hill)
Property type
Sale Of Business
MLS®
MLS® X13709584
Neighbourhood
214 - Clifton Hill

An extraordinary opportunity to establish a flagship restaurant, entertainment venue, or hospitality concept in the heart of Niagara Falls. 5043 Centre Street is a rare freestanding, purpose-built hospitality property ideally positioned at Centre Street and Victoria Avenue, just steps from Clifton Hill and within walking distance of Niagara Falls. Spanning 10,000+ sq. ft. across three levels with an impressive licensed capacity of 616, this fully equipped facility is built for high-volume food, beverage and entertainment operations. The property features two large commercial exhaust hoods, full-service kitchens, walk-in fridge and freezer, extensive prep areas, multiple bars, roll-up garage doors and significant back-of-house infrastructure. The true showstopper is the rooftop patio with direct views of Niagara Falls - an incredibly rare and compelling feature that creates the opportunity for a truly iconic destination concept. On-site parking is included, with a 24-hour public parking lot immediately adjacent to the property, providing exceptional convenience for guests. With its scale, infrastructure, location and unparalleled rooftop setting, this is an opportunity for an ambitious operator or established brand to secure a signature flagship location in one of Canada's busiest year-round tourism destinations. Gross Rent: $30,000/month inclusive of TMI + HST. 5-year term + 5-year renewal option. Please do not go direct.

Sold data

Homes in Niagara Falls (Clifton Hill) — recent sold market

Homes in Niagara Falls (Clifton Hill) took a median of 31 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 56, across 307 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 54 days.

The median sale price was $599,000.

Homes sold for about 3.2% below asking on average, so there was room to negotiate.

About 13% of sales closed above the list price.

Around 31% of sellers reduced their price before finding a buyer.

Median days to sell
31
Median sale price
$599,000
Sale-to-list ratio
96.8%
Sold above asking
13%

Based on 307 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Niagara Falls (Clifton Hill)

Niagara Falls (Clifton Hill) has 31 Fraser Institute–rated schools (26 elementary and 5 secondary), averaging 7.6/10.

Rated schools
31
Elementary
26
Secondary
5
Average rating
7.6 / 10

Top-rated schools in Niagara Falls (Clifton Hill)

  • Kate S Durdanelementary, Niagara FallsFraser rating 10.0/10
  • Father Hennepinelementary, Niagara FallsFraser rating 9.9/10
  • St Vincent de Paulelementary, Niagara FallsFraser rating 9.9/10
  • Orchard Parkelementary, Niagara FallsFraser rating 9.8/10
  • Simcoe Streetelementary, Niagara FallsFraser rating 9.4/10
  • Heximer Avenueelementary, Niagara FallsFraser rating 9.3/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 5043 CENTRE STREET