5237 Victoria Avenue, Niagara Falls | Image 1

5237 Victoria Avenue

Niagara Falls

  • Commercial

$1,199,000
For Sale

Added 2 weeks ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: GC

  • Age: No Data

  • Taxes: 4288.98

  • MLS®#: X8293688

  • Added: May 01, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: REVEL REALTY INC.

Calling all savvy real estate investors! This is your golden ticket to a lucrative venture in downtown Niagara Falls. Nestled in the heart of tourist paradise, this income-generating property is a strategic gem boasting an unbeatable location for maximum returns. The building features a vacant commercial unit perfect for a takeout establishment, alongside three meticulously updated residential units. Two of these units, each with one bedroom, one bathroom, a well-equipped kitchen, and a cozy living area, offer significant rental potential. Additionally, a spacious three-bedroom owner-occupied apartment promises an outstanding monthly rental range of $2300-$2700. With the proximity to Clifton Hill, the QEW, Rainbow Bridge, and the allure of Niagara Falls tourism, this is a prime investment opportunity that promises both immediate and long-term gains. Don't miss your chance to capitalize on this incredible real estate prospect!

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Area: Niagara Falls

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Heat Type: Elec Forced Air

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Taxes: $4,289

  • Taxes Type: Annual

Land

  • Cross Street: Corner Of Victoria &

  • Municipality District: Niagara Falls

  • Parcel Number: 643410043

  • Lot Depth: 120 Feet

  • Lot Frontage: 40 Feet

  • Zoning: GC

Commercial Specific

  • Retail Area: 501

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 5100

  • Total Area Metric: Sq Ft

  • Lot Code: Building

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