5306 VICTORIA AVENUE
Niagara Falls (Cherrywood), Ontario
MLS® X13837422
$4,900,000
- Status
- Active
- Property type
- Business
- MLS® number
- X13837422
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 46Listing description
Prime Niagara Falls Investment Opportunity! Exceptional location at 5306 Victoria Ave. , within walking distance to the Falls, Clifton Hill, Casino Niagara and major tourist attractions.
Excellent access to Highway 420 and the QEW. Property features 16 fully furnished and renovated hotel rooms, currently operating as short-term rentals. Approximately 6,000 sq.
ft. of restaurant space with two kitchens; approximately half is currently leased, with the remaining space available for an owner-user or additional tenant. Also includes a 4-bedroom upper-level apartment and a 1-bedroom basement apartment, both tenant-occupied and with separate entrances.
Ample on-site parking adds significant value in this high-demand tourist area. A versatile property offering multiple income streams and excellent potential for investors, hospitality operators and owner-users. Rare opportunity to own a substantial income-producing property in a premium Niagara Falls location.
Property summary
- MLS® number
- X13837422
- Property type
- Business
- Leasable Area
- 12,000 sq ft
- Land size
- 134.27 x 122.35 FT
- Annual property taxes
- $15,000.00
- Days on market
- 0 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Appliances
- Furniture
What would this home cost you?
Based on the $4,900,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Wisdomax Realty LTD, St. Catharines.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.