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For saleMLS® X12935086

5319 Victoria Avenue, Niagara Falls, ON L2E 4E6

Cherrywood · L2E 4E6

$699,000

$73 / sq ft

7 months on market

Interior
9,583 sf
Lot
80 × 120 ft

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About this property

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.

Property details

Property

Property type
vacant land
Interior size
9,583 sq ft
Lot size
80 × 120 ft
Zoning
General Commercial
Possession
Flexible

Costs

List price
$699,000
Property taxes
$6,355 / year (2025)
Price per sq ft
$73

Listing

MLS® number
X12935086
Status
For sale
Listed
March 30, 2026
Days on market
220
Last updated
September 17, 2026
Listing brokerage
RE/MAX NIAGARA REALTY LTD, BROKERAGE

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 61% of comparable vacant land listings in Niagara Falls are asking less.

$34KMedian $399K$3.60M
This home
$73 / sq ft
Comparable median
$23 / sq ft

Based on 59 comparable active vacant land listings in Niagara Falls. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.4% · minimum $44,900
$44,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,616.63
Property tax (est.)
$529.58
Estimated monthly
$4,146

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$10,455
Total due on closing
$10,455

An estimate on the asking price of $699,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$699,000

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