5470 + 5480 Victoria Avenue, Niagara Falls, ON L2G 3L2
Clifton Hill · L2G 3L2
$2,888,000
$210 / sq ft3 days on market
- Total area
- 13,721 sf
- Lot
- 120 × 115 ft
What's special
- Outside/surface garage
- Yes
About this property
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!
Property details
Property
- Property type
- retail
- Interior size
- 13,721 sq ft
- Lot size
- 120 × 115 ft
- Zoning
- TC
- Possession
- Flexible
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Exterior & services
- Garage
- Outside/Surface
- Sewer
- Sanitary
Costs
- List price
- $2,888,000
- Property taxes
- $22,177 / year (2025)
- Price per sq ft
- $210
Listing
- MLS® number
- X14137006
- Status
- For sale
- Listed
- November 1, 2026
- Days on market
- 3
- Last updated
- November 1, 2026
- Listing brokerage
- ROYAL LEPAGE NRC REALTY
Price & sale history
This property's sale history is hidden
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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 above most comparable listings — about 93% of comparable retail listings in Niagara Falls are asking less.
- This home
- $210 / sq ft
- Comparable median
- $152 / sq ft
Based on 43 comparable active retail listings in Niagara Falls. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $12,774.60
- Property tax (est.)
- $1,848.10
- Estimated monthly
- $14,623
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
- $58,675
- Total due on closing
- $58,675
An estimate on the asking price of $2,888,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of ROYAL LEPAGE NRC REALTY. 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.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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