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Renanza Realty
For sale

5319 VICTORIA AVENUE

Niagara Falls (Cherrywood), Ontario

MLS® X12935086

$699,000

Status
Active
Property type
Vacant land
MLS® number
X12935086
Bedrooms
—
Bathrooms
—
Year built
—

Listing description

When the Premier of Ontario announced last December the vision to transform Niagara Falls into a world-class tourism destination, did you see the opportunity for yourself? With billions of dollars in government investment driving local growth, now is the time to position yourself in tourism, hospitality, dining, and entertainment-or seize this moment to enter the commercial real estate market. This could be your next launching point to ride the wave of growth.

5319 Victoria Ave, Niagara Falls is strategically located at the connection of the Rainbow Bridge and Highway 420, with millions of vehicles passing by annually-bringing unmatched exposure and a massive potential customer base. The property is just a 12-minute walk to Clifton Hill, the core commercial and entertainment district of the Falls. The property is zoned General Commercial, allowing for a wide range of uses, including but not limited to: bakery, bank, retail store, medical clinic, parking lot, restaurant, and boutique hotel.

Lot size: 80 120 ftBuilding coverage: up to 66% of lot areaMaximum building height: 12 metres. In today's market environment, large-scale developments are becoming increasingly difficult. Projects that offer both stability and strong growth potential are typically:smaller in scale, faster to execute, and lower in risk.

The true advantage is not how big you can build-but how efficiently you can enter a high-traffic commercial location at a lower cost. Compared to Clifton Hill core properties, 5319 Victoria Ave offers:Lower land costLess competitionMore accessible entry point-while still benefiting from the strong spillover traffic generated by Clifton Hill. For small-to-mid-sized investors and developers, this represents a rare and compelling opportunity not to be missed.

Property summary

MLS® number
X12935086
Property type
Vacant Land
Land size
0.22 acres
Annual property taxes
$6,355.00
Days on market
182 days

What would this home cost you?

Based on the $699,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$3,252 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE, 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.