5485 VICTORIA Avenue
Cornerstone · L3B4L7
$4,799,999
About this residence
Rare redevelopment opportunity in the heart of Niagara Falls’s rapidly evolving tourist district. Situated on a prominent 0.536-acre corner parcel with exceptional frontage on Victoria Avenue, this high-exposure property is among the closest privately available development sites to Clifton Hill, the Falls, major casinos, hotels, nightlife, and the U.S. border. Zoned Tourist Commercial (TC), the site offers outstanding potential for a boutique hotel, entertainment venue, brewery, mixed-use concept, or future redevelopment project in one of Canada’s most visited destinations. The existing ±19,030 sq ft structure spans multiple levels and showcases a striking stone exterior, soaring cathedral ceilings, exposed wood construction, stained-glass windows, expansive hall with stage, full commercial kitchen, balcony, and a fully finished lower level with multiple rooms and amenities. The scale, architectural character, and visibility create a rare opportunity for adaptive reus! e or repositioning. Niagara Falls continues to experience major public and private investment focused on tourism, entertainment, and year-round destination growth, further strengthening the long-term potential of this location. With direct QEW access and unmatched proximity to major attractions, properties of this size, exposure, zoning, and character rarely become available in Niagara Falls’ core tourist area. (id:61366)
Property details
- Property type
- Other
- Style
- Residential Commercial Mix
- Ownership
- Freehold
- Storeys
- 1
- Living area
- 19,030 sq ft
- Frontage
- 174 feet
- Annual tax
- $22,750
- MLS®
- 40827964
- Board
- Cornerstone
- Status
- Active
- Listed
- May 7, 2026
- Updated
- Jun 4, 2026
Features & finishes
Basement
- Full
Exterior
- Brick
- Concrete
Foundation
- Block
Sewer & Utilities
- Municipal sewage system
Community
- High Traffic Area
Financing
Estimated monthly payment
$22,448/mo
Loan amount
$3,839,999
Down payment
$960,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Cornerstone
Nearby
About the area
Census · L3B- 25,869
- Population
- 43
- Median age
- $66,500
- Median income
- $448,000
- Median home value
- 65%
- Home ownership
- 25 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 5485 VICTORIA Avenue?
5485 VICTORIA Avenue is listed for $4,799,999, in Cornerstone.
What type of home is 5485 VICTORIA Avenue?
5485 VICTORIA Avenue is a Other, Residential Commercial Mix set over 1 storey.
How large is 5485 VICTORIA Avenue?
The home offers approximately 19,030 sq ft of living space.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $22,448. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $22,750 per year.
What is the Cornerstone area like?
Cornerstone has a population of about 25,869, a median age of 43, a 65% home-ownership rate, with an average commute of about 25 minutes.
What is the average home value in Cornerstone?
The median dwelling value in this area is approximately $448,000, based on census data via Neighbourly.
What is the median household income in Cornerstone?
The median household income in this area is approximately $66,500.
Similar residences
Comparable Residential Commercial Mix near Cornerstone at a similar price.
Private viewings
Arrange a private viewing of 5485 VICTORIA Avenue.
Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.



