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$849,000
Niagara-on-the-Lake
1329 NIAGARA STONE Road, Niagara-on-the-Lake (Virgil), Ontario, L0S1J0
This 4-bedroom, 2-bathroom home in Niagara-on-the-Lake is for sale offering roughly 900 sq ft of space. Listed at $849,000, it is attractively priced about 19% below the $1,049,900 median asking price in Niagara-on-the-Lake. It has been on the market 15 days, fresher than the Niagara-on-the-Lake average of 64 days.
This beautifully renovated home offers income from day one as a currently licensed short-term rental, with the flexibility to live in it as a single-family home, accommodate multi-generational living, or the potential to run a home-based business. Two outbuildings offer significant additional income potential with minor renovations. The 3+1 bedrooms, two full kitchens, and separate entrances let the layout adapt to your needs. Set on an expansive 250' x 72' lot, the private backyard offers exceptional space for entertaining, gardening, or relaxing outdoors, with room for future enhancements. Right on the bike path and minutes from Wayne Gretzky Estates, Trius Winery & Restaurant, schools, shopping, and the community center, with easy highway access to Niagara Falls and Old Town, it's a perfect short-term rental location. The bright open-concept main living area features modern finishes and an inviting sense of space. The lower level offers a separate entrance and flexible finished space, including the potential for an additional bedroom with Jack-and-Jill bathroom featuring a steam sauna adds a luxurious touch. Additional highlights include a spacious laundry area, large pantry, and upgraded 200-amp electrical service. A refined home offering comfort, flexibility, and an exceptional Niagara-on-the-Lake setting. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 15 days on market, against an average age of 64 days across the listings currently for sale in this city
This 4-bed single family in Niagara-on-the-Lake (Virgil) has been listed for 15 days, which is 49 days fresher than the city average of 64. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $849,000, about 8.9× the local median household income of $95,000.
Carrying it typically needs a household income of about $165,839 (20% down, 25-yr amortization, stress-tested) — roughly 75% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0S)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.