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X7018716
$38,680,000

5633 Victoria Ave Ave S (Clifton Hill And Victoria Ave)

Price: $38,680,000

Status: For Sale 

MLS®#: X7018716

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$38,680,000
  • Tax: $157,761.16/Annual (2023)
  • City:Niagara Falls
  • Type:Commercial
  • Style:Investment
  • Size: 1 Sq Ft

Features:

  • HeatingElec Forced Air
  • Sewer/Water SystemsMunicipal

Listing Contracted With: FORESTWOOD REAL ESTATE INC.

Description

The Subject Property At 5613-5633 Victoria Ave Offers A Highly Visible Location Adjacent To Casino Niagara. A corner site with frontage on three streets, Victoria Ave, Walnut St, and Ellen Ave, in the City of Niagara Falls and Region Municipality of Niagara Falls. The Subject Property Is Comprised Of Six Parcels With A Total Land Area Of 1.35 Acres Currently Improved With Two Freestanding Commercial Buildings. The Subject Property Is Designated "Tourist Commercial" Within The Clifton Hill Subdistrict Under The City Of Niagara Falls Official Plan And Zoned "TC - Tourist Commercial, Zone 1170 75" Under Niagara Falls Zoning By-law No. 2022-103. The Proposed Development Consists Of A 35 and 36-Storey Tower With A Combined GFA of 601,379 Square Feet With 746 Residential Units, 761 Parking Spaces And A Commercial GFA of 8,965 Square Feet. Also suitable for mixed-use buildings and hotels. An Exceptional Investment Opportunity In Niagara Falls Includes 6 Properties all together. See Extras.

Highlights

The Subject Property At 5613-5633 Victoria Ave Together With 5629 Victoria Ave, 5645 Victoria Ave & 4890, 4902 Walnut Street, Niagara Falls. All Together 6 pins (643440105) (643440155) (643440106) (643440182) (643440090) & (643440156).

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Aleks Pavlicevic

Real Estate Broker

Forestwood Real Estate

Aleks Pavlicevic

Real Estate Broker

Forestwood Real Estate

9-702 Burnhamthorpe Road East, Mississauga, Ontario, L4Y 2X3

aleks@aleksproperties.com

(416) 432-2987

(905) 277-8800

Testimonials

This is my third time working with Aleks and I couldn't be happier. This is my second rental unit and I wouldnt have done this without Aleks' encouragement and expertise.

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