31
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$2,999,999
Est. payment /mo
13,777 Acres Lot
Active
5470 + 5480 VICTORIA AVENUE Niagara Falls (clifton Hill), ON L2G3L2
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision 214 - Clifton Hill
MLS® Listing ID X13161710
Lot Size 13777.001 Acres
Acres 13777.0
Property 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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 17
Garage No
Private Pool No
Building
Sewer Sanitary sewer
Others
Virtual Tour https://youtu.be/d34sDo_ga1c
Listed by ROYAL LEPAGE NRC REALTY
Nearby Locations
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