$699,000 - 5319 Victoria Avenue, Niagara Falls
Land for Sale in Niagara Falls
191 days on marketNeighbourhood: 211 - Cherrywood
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- MLS Number
- X12935086
- Property Type
- Land
- Status
- active
- Days on Site
- 191
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Niagara Falls
- Taxes (2025)
- $6,355
- Listing Brokerage
- RE/MAX NIAGARA REALTY LTD, BROKERAGE
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.
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover 211 - Cherrywood
211 - Cherrywood is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in 211 - Cherrywood
- •Convenient location in Niagara Falls
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
211 - Cherrywood offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
5319 Victoria Avenue, Niagara Falls
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Key factors for evaluating this land parcel
Land Due Diligence Checklist
· Confirm zoning designation and all permitted uses
· Verify servicing (water, sewer, hydro) at lot line
· Order a Phase 1 Environmental Site Assessment
· Obtain an up-to-date survey (boundaries, easements)
· Review development charges and levies with the municipality
· Consult a land use planner on development feasibility
Commercial Financing Note
Land financing typically requires 35–50% down with specialized lenders. Carrying costs (taxes, interest) accumulate during any approval or development process — factor these into your feasibility.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Zoning & Permitted Use
Before anything else, I'd confirm the current zoning designation and what's permitted on this land. Zoning dictates everything: residential subdivision, commercial development, agricultural use, or mixed. The Niagara Falls planning department can also tell you what, if any, Official Plan amendments are in progress that could affect the permitted uses.
Extended Time on Market — Potential Leverage
At 191 days, this land has been sitting. That's actually common for vacant land — buyers are fewer and diligence takes time. But if it's been listed much longer than comparable parcels, there may be a zoning, servicing, or environmental issue the seller hasn't disclosed. I'd want to understand why it hasn't sold.
Servicing & Infrastructure
A key question for any land purchase: is it serviced (municipal water, sewer, gas, hydro at the lot line) or unserviced? Bringing services to an unserviced parcel can cost $50,000–$500,000+ depending on proximity and Niagara Falls's development charges. This can make or break a project's feasibility.
Environmental & Survey
I always recommend a Phase 1 Environmental Site Assessment for land purchases — it checks for historical contamination from prior uses. If the Phase 1 flags anything, a Phase 2 (soil sampling) follows. Also budget for an up-to-date survey, which confirms boundaries, easements, and encroachments.
Development Approval Timeline
If you're buying with development in mind, factor in the approval timeline. Minor variance: 3–6 months. Site plan approval: 6–18 months. Official Plan amendment or rezoning: 1–3+ years. These timelines directly affect your carrying costs — property taxes and financing accumulate the entire time. Having an experienced planner and real estate lawyer on your team from day one matters.
Let's Walk Through It Together
Evaluating land requires a different lens than buying a home. I'll walk the site with you, help you ask the right questions of the listing agent, and connect you with the right professionals — planners, environmental consultants, commercial lawyers — to make sure you know exactly what you're buying before you commit.