8 Elden Street, Niagara-on-the-Lake (Virgil), Ontario, L0S1J0




$4,199,000
Niagara-on-the-Lake
This lot in Niagara-on-the-Lake is for sale. It has been on the market 44 days, fresher than the Niagara-on-the-Lake average of 61 days.
Prime mixed residential development opportunity in Virgil, Niagara-on-the-Lake. Site plan approved and ready-to-build, the development includes a 4-storey, 24-unit condo building and 8 bungalow townhomes on a prominent corner parcel surrounded by established residential housing and commercial amenities.The building is designed with twenty-four 2-bedroom units, elevator access, barrier-free suites, dedicated parking, bike storage, and landscaped common areas. The bungalow townhomes are designed for single-level living with garages and private entrances.The site layout preserves the existing church structure while positioning the apartment building and bungalow towns facing one another across a central landscaped parking and access court.Located minutes from Old Town Niagara-on-the-Lake, wineries, schools, shopping, and major commuter routes, the property offers a well-positioned infill development opportunity in one of Niagara's most established and desirable communities. Architectural plans and supporting development information available. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 44 days on market, against an average age of 61 days across the listings currently for sale in this city
This vacant land in Niagara-on-the-Lake (Virgil) has been listed for 44 days, which is 17 days fresher than the city average of 61. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $4,199,000, about 44.2× the local median household income of $95,000.
Carrying it typically needs a household income of about $820,212 (20% down, 25-yr amortization, stress-tested) — roughly 763% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0S)
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