5470 + 5480 VICTORIA AVENUE, Niagara Falls (Clifton Hill)

$2,999,999

For sale: Other

Other at 5470 + 5480 VICTORIA AVENUE, Niagara Falls (Clifton Hill)
Property type
Commercial Retail
MLS®
MLS® X13161710
Neighbourhood
214 - Clifton Hill

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.

Sold data

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

Homes in Niagara Falls (Clifton Hill) took a median of 33 days to sell over the last 90 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 60, across 316 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.

The median sale price was $589,450.

Homes sold for about 3.5% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

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

Median days to sell
33
Median sale price
$589,450
Sale-to-list ratio
96.5%
Sold above asking
8%

Based on 316 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 Durdan — elementary, Niagara FallsFraser rating 10.0/10
  • Father Hennepin — elementary, Niagara FallsFraser rating 9.9/10
  • St Vincent de Paul — elementary, Niagara FallsFraser rating 9.9/10
  • Orchard Park — elementary, Niagara FallsFraser rating 9.8/10
  • Simcoe Street — elementary, Niagara FallsFraser rating 9.4/10
  • Heximer Avenue — elementary, Niagara FallsFraser rating 9.3/10

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

Currently for sale

Homes for sale near 5470 + 5480 VICTORIA AVENUE