Residentiae.
For Sale · Cornerstone

5485 VICTORIA Avenue

Cornerstone · L3B4L7

$4,799,999

Bedrooms
Bathrooms
Parking
19,030Sq Ft
1Storeys

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

Mortgage calculator

Estimated monthly payment

$22,448/mo

Amortization

Loan amount

$3,839,999

Down payment

$960,000

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

Cornerstone

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

0–14
16%
15–24
10%
25–44
26%
45–64
28%
65+
21%

Tenure

65% owners35% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently 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.

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