$678,900

For sale

642 PENNER Road, Niagara-on-the-Lake (Virgil) - Single Family for Sale

642 PENNER Road, Niagara-on-the-Lake (Virgil), Ontario, L0S1J0

4 beds2 baths7 parking1,300 ft²62 × 200 ft (12,400 sq ft) lot sizeListed 32 days ago

Overview

This 4-bedroom, 2-bathroom home in Niagara-on-the-Lake is for sale offering roughly 1,300 sq ft of space. Listed at $678,900, it is attractively priced about 35% below the $1,049,900 median asking price in Niagara-on-the-Lake. It has been on the market 32 days, fresher than the Niagara-on-the-Lake average of 64 days.

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Description

Welcome to this beautifully renovated 3+1 bedroom home in the heart of Virgil, perfectly situated on a picturesque -acre lot just steps from schools, restaurants, shopping, and other everyday amenities.Designed for both comfortable living and entertaining, the impressive 200-foot-deep backyard features a deck, concrete patio and, large covered outdoor bar, creating the perfect setting for summer gatherings with family and friends.Inside, you'll find a bright, open-concept main floor featuring an updated kitchen, spacious living and dining areas, a convenient powder room, and a private primary suite complete with a walk-in closet and ensuite. Upstairs offers two additional bedrooms, ideal for a growing family. The fully finished basement provides additional living space, a fourth bedroom, and a full bathroom with laundry, offering flexibility for families, guests, or a home office.Currently operating as a licensed short-term rental, this property presents an excellent opportunity for investors seeking an established income-producing property or buyers looking for a home with added revenue potential. Move-in ready and situated in one of Niagara-on-the-Lake's most desirable communities, this a rare opportunity you wont want to miss. (id:66096)

Property Details

MLS®: X13864134
Property Type: Single Family
Zoning: R1
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 7
Interior Size: 1,300 ft²
Lot Size: 62 × 200 ft (12,400 sq ft)
Frontage: 62 ft
Storeys: 1
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 6.48 x 3.05 meters
Dining room: 2.95 x 3.35 meters
Kitchen: 4.34 x 2.34 meters
Other: 2.34 x 2.13 meters
Bathroom: 1.68 x 1.5 meters
Primary Bedroom: 5.31 x 3.4 meters
Partial bathroom: 1.6 x 2.31 meters

Basement

Bedroom: 2.79 x 2.84 meters
Bathroom: 3.86 x 2.06 meters
Recreational, Games room: 6.1 x 2.9 meters

Features

Appliances: Washer, Refrigerator, Central Vacuum, Dishwasher, Stove, Dryer, Water Heater
Foundation: Concrete
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

32d

Niagara-on-the-Lake (Virgil) listings, avg age

64d

Price / ft²

$522

List price

$679K

Haho

This 4-bed single family in Niagara-on-the-Lake (Virgil) has been listed for 32 days, which is 32 days fresher than the city average of 64. Act while there is still low competition.

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Listed by BOLDT REALTY INC., BROKERAGE · Traie Shirley

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0S)

This home lists at $678,900, about 7.1× the local median household income of $95,000.

Carrying it typically needs a household income of about $132,613 (20% down, 25-yr amortization, stress-tested) — roughly 40% above the area median.

Median household income: $95,000
Population: 60,409
Median age: 53.2
Owner / renter: 87% / 13%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L0S)

$678,900· $522/ft²

For sale

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Full Cost Breakdown

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Down Payment6.32% · $42,890.00

Min 6.32%50%

Mortgage payment$3,526/mo

↳ CMHC premium ($25,440 capitalized)

Property tax (est.)$299/mo

Total monthly$3,825

Cash Needed to Close

Down payment (6.32%)$42,890

Land transfer tax$10,053

Est. closing costs$4,537

Total cash needed$57,480

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