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5470 Lewis Avenue, Niagara Falls, ON L2G 3R7

Vacant Land
$499,999

Rare Investor And Builder Opportunity In The Heart Of Niagara Falls! Close To Clifton Hill, Casino Niagara, The Niagara Parkway, And The Fallsview Tourist District.This Newly Severed Lot Includes An Existing Detached Garage. A Detached Dwelling Plus 2 Additional Dwelling Units (3 Residential Units Total) Are Permitted Uses On This DTC Zoned Lot.Zoned Deferred Tourist Commercial (DTC), The Lot May Also Offer Longer term Tourist commercial Development Potential, Subject To Future City Approvals.Lot Area Approximately 479.2 M (5,158 Sq Ft) Per The Committee Of Adjustment Decision; Buyers To Confirm Final Registered Area And Dimensions From Reference Plan 59R-18575. Water And Sanitary Sewer Service Is Available To The Lot; Buyers To Independently Confirm Current Connection Status With The City Of Niagara Falls.Buyers And Their Representatives To Independently Verify All Zoning, Permitted Uses, Development Charges, Building Permits, Servicing, And Conditions Of Consent With The City Of Niagara Falls.Property

MLS number
X13762254
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L2G 3R7
Photos
11
Laundry
Not in the unit
3days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
KENT INTERNATIONAL SCHOOLSecondary597 mNot reported
Kent SchoolSecondary630 mNot reported
Simcoe Street Public School
DSB Niagara
Elementary877 m7.7 / 10
77% met the standard
Valley Way Public School
DSB Niagara
Elementary872 m6.5 / 10
65% met the standard
St Patrick Catholic Elementary School
Niagara CDSB
Elementary1.3 km9.7 / 10
97% met the standard · 3 of 6 measures
MILLWOODS INTERNATIONAL SCHOOLElementary and secondary1.3 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 350 people.

$51,200Median household income
41.9%Own their home
40.6%Detached houses
43.6Median age
27.7%Born outside Canada
24.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260099 — the few blocks around this address, home to 350 people. It describes the area, not this property.

350Population
43.9Average age
2.1Household size
$60,000Average household income
$51,200Median household income
42%Own their home
58%Rent
0%Condominiums
28%Born outside Canada
24%University degree
$460,000Average home value
26%Low income
30%Never married
$15,000 to $19,9996%
$20,000 to $24,99911%
$25,000 to $29,9996%
$30,000 to $34,9996%
$35,000 to $39,9993%
$40,000 to $44,9998%
$45,000 to $49,9993%
$50,000 to $59,9996%
$60,000 to $69,9996%
$70,000 to $79,99911%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over14%
$100,000 to $124,9996%
$125,000 to $149,9996%

Percentages are of the 180 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$100,000 · minimum here is $25,000
$2,213.89per month
Borrowed before insurance$399,999
Total borrowed$399,999
Interest over 25 years at 4.5%$264,167

If you rented it out

-$2,213.89per month out of pocket
Rent$0.00
Everything it costs to hold$2,213.89
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by HOMELIFE/MIRACLE REALTY LTD. Listing data provided by the Toronto Regional Real Estate Board.