5470 + 5480 Victoria Avenue, Niagara Falls, ON L2G 3L2
214 - Clifton Hill, Niagara Falls · Near Victoria Ave and Kitchener St · View map
About this home
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!
The home
- Type
- Commercial retail
- Square footage
- 0.315 sq ft
- Lot size
- 120 x 115 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Garage
- Outside/Surface
- Driveway spaces
- 17
- Total parking
- 17
Taxes & other
- Property taxes
- $22,177/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Victoria Ave and Kitchener St
- Neighbourhood
- 214 - Clifton Hill
More
- MLS® number
- X14137006
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
5470 + 5480 Victoria Avenue, Niagara Falls, ON L2G 3L2
214 - Clifton Hill, Niagara Falls · Near Victoria Ave and Kitchener St
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Listing history for 5470 + 5480 Victoria Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 5470 + 5480 Victoria Avenue
Answers come straight from this home’s MLS® listing.
How much is 5470 + 5480 Victoria Avenue listed for, and what would it cost each month?
5470 + 5480 Victoria Avenue is listed for $2,888,000. With 20% down ($577,600), the mortgage payment would be roughly $11,649 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $13,497 a month, all in. That figure is an illustration, not a quote.
Is 5470 + 5480 Victoria Avenue freehold or a condo, and is there a monthly fee?
5470 + 5480 Victoria Avenue is a commercial retail in 214 - Clifton Hill, Niagara Falls. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 5470 + 5480 Victoria Avenue have a garage and parking?
Yes. The listing shows the garage as outside/surface. The driveway adds 17 spaces. In total the listing counts 17 parking spaces.
What style of home is 5470 + 5480 Victoria Avenue?
5470 + 5480 Victoria Avenue is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 5470 + 5480 Victoria Avenue, and what is the lot size?
The lot is listed as 120 x 115 ft.
How is 5470 + 5480 Victoria Avenue heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 5470 + 5480 Victoria Avenue?
Property taxes are $22,177 a year (2025), or about $1,848 a month.
Where is 5470 + 5480 Victoria Avenue?
5470 + 5480 Victoria Avenue is in the 214 - Clifton Hill community of Niagara Falls. The nearest main intersection is Victoria Ave and Kitchener St. The postal code is L2G 3L2.
Is 5470 + 5480 Victoria Avenue still for sale?
Yes. It is an active listing (MLS® X14137006). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 5470 + 5480 Victoria Avenue asking?
Similar properties for sale nearby right now include 4898 VICTORIA Avenue at $2,300,000, 5809 Mcleod Road at $2,899,000 and 7797 Lundys Lane at $2,799,900. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 5470 + 5480 Victoria Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 5470 + 5480 Victoria Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 214 - Clifton Hill, picked by style, size and price.
Commercial retail$2,300,0004898 VICTORIA Avenue, Niagara Falls210 - DowntownCourtesy of: HOMELIFE/BAYVIEW REALTY INC.View home →
Land$2,899,0005809 Mcleod Road, Niagara Falls217 - Arad/FallsviewCourtesy of: RE/MAX ESCARPMENT REALTY INC.View home →
Land$2,799,9007797 Lundys Lane, Niagara Falls213 - AscotCourtesy of: RE/MAX REALTY SPECIALISTS INC.View home →Courtesy of: ROYAL LEPAGE NRC REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.