5470 + 5480 Victoria Avenue, Niagara Falls, ON
L2G 3L2
Listed November 1, 2026
Property Tour
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!
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Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 5470 + 5480 Victoria Avenue — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$577,600 · Minimum $577,600
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2025 tax bill).
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One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$14,623/mo
About $175,476 a year
- $12,775
- $1,848
Cash needed to close
- Down payment (20%)
- $577,600
- Ontario land transfer tax
- $58,675
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $638,775
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
5470 + 5480 Victoria Avenue, Niagara Falls, ON
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Last Updated: November 1, 2026
Listing Office: ROYAL LEPAGE NRC REALTY
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