$2,999,999
5470 + 5480 Victoria Ave
Niagara Falls, ON L2G 3L2
5470 + 5480 Victoria Ave, Niagara Falls — Listed at $2,999,999 Commercial Retail. MLS® X13161710.
Possession · seller's timeline
Flexible
Description
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.
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Business Details
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Listing Courtesy of: ROYAL LEPAGE NRC REALTY
MLS® #X13161710
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