$1,100,000
For sale: Vacant Land

When the Premier of Ontario announced last December the vision to transform Niagara Falls into a world-class tourism destination, did you see the opportunity for yourself?With billions of dollars in government investment driving local growth, now is the time to position yourself in tourism, hospitality, dining, and entertainment-or seize this moment to enter the commercial real estate market. This could be your next launching point to ride the wave of growth.5319 Victoria Ave, Niagara Falls is strategically located at the connection of the Rainbow Bridge and Highway 420, with millions of vehicles passing by annually-bringing unmatched exposure and a massive potential customer base. The property is just a 12-minute walk to Clifton Hill, the core commercial and entertainment district of the Falls.The property is zoned General Commercial, allowing for a wide range of uses, including but not limited to: bakery, bank, retail store, medical clinic, parking lot, restaurant, and boutique hotel.Lot size: 80 120 ftBuilding coverage: up to 66% of lot areaMaximum building height: 12 metres.In today's market environment, large-scale developments are becoming increasingly difficult.Projects that offer both stability and strong growth potential are typically:smaller in scale, faster to execute, and lower in risk.The true advantage is not how big you can build-but how efficiently you can enter a high-traffic commercial location at a lower cost.Compared to Clifton Hill core properties, 5319 Victoria Ave offers:Lower land costLess competitionMore accessible entry point-while still benefiting from the strong spillover traffic generated by Clifton Hill.For small-to-mid-sized investors and developers, this represents a rare and compelling opportunity not to be missed.
Sold data
Homes in Niagara Falls (Cherrywood) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 54 days.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.
Based on 307 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Niagara Falls (Cherrywood) has 31 Fraser Institute–rated schools (26 elementary and 5 secondary), averaging 7.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$999,900
Vacant LandPT LT 16 LYONS CREEK ROAD, 224 - Lyons Creek, Niagara Falls

$999,900
Vacant LandLOT 14 WILLOWDELL ROAD, 224 - Lyons Creek, Niagara Falls

$1,299,900
Vacant Land8356 OAKWOOD DRIVE, 221 - Marineland, Niagara Falls

$1,299,999
Vacant Land2132 BEAVERDAMS ROAD, 559 - Cataract Road, Thorold

$999,900
Vacant Land2691 CLIFFORD STREET, 057 - Smithville, West Lincoln

$1,174,900
Other192 MAPLE AVENUE, 772 - Broadway, Welland

$975,000
DetachedLOT 2 - 7040 GARNER ROAD, 219 - Forestview, Niagara Falls

$999,500
Other2567 STEVENSVILLE ROAD, 328 - Stevensville, Fort Erie