$1,490,000

For saleJust listed

855 Line 1 Road, Niagara-on-the-Lake (Virgil) - Single Family for Sale

855 Line 1 Road, Niagara-on-the-Lake (Virgil), Ontario, L0S1J0

5 beds2 baths20 parking1,750 ft²Listed 7 days ago

Overview

This 5-bedroom, 2-bathroom home in Niagara-on-the-Lake is for sale offering roughly 1,750 sq ft of space. It has been on the market 7 days, fresher than the Niagara-on-the-Lake average of 60 days.

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Description

Space, privacy, and nearly 24 acres in Virgil! This Niagara-on-the-Lake property presents an opportunity for buyers seeking a rural lifestyle with substantial acreage and agricultural infrastructure, just outside the urban boundary. The property includes an approximately 32,000 sq. ft. main greenhouse, polyhouse structures with a combined footprint of approximately 261,600 sq. ft., a 30 x 80 ft. pole barn, and additional outbuildings, including a bunkie or office with a washroom. A dedicated loading area with a loading dock and gravel-grade access complements the agricultural setup. A property with room to live, work, and pursue agricultural interests in a sought-after Niagara-on-the-Lake location. (id:66096)

Property Details

MLS®: X14125986
Property Type: Single Family
Zoning: APO
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 20
Interior Size: 1,750 ft²
Frontage: 698 ft
Storeys: 2
Basement: Unfinished, Partial, Other, See Remarks, Walk-up, N/A, N/A, N/A
Heating: Forced air, Natural gas, Other
Garage: Garage
Ownership: Freehold
Property Tax: $11,333.94/yr
Listed: 7 days ago

Rooms

Main level

Foyer: 2.06 x 5.59 meters
Kitchen: 5.28 x 4.4 meters
Dining room: 2.3 x 2.99 meters
Family room: 5.26 x 3.57 meters
Laundry room: 1.82 x 1.95 meters
Bedroom 3: 4.12 x 2.16 meters

Basement

Other: 9.97 x 5.58 meters

Second level

Primary Bedroom: 3.98 x 3.33 meters
Bedroom 2: 4.21 x 2.98 meters

Features

Foundation: Brick
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

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

60d

Price / ft²

$851

List price

$1.49M

Haho

This 5-bed single family in Niagara-on-the-Lake (Virgil) has been listed for 7 days, which is 53 days fresher than the city average of 60. Act while there is still low competition.

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Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE · Thomas Baker

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0S)

This home lists at $1,490,000, about 15.7× the local median household income of $95,000.

Carrying it typically needs a household income of about $291,049 (20% down, 25-yr amortization, stress-tested) — roughly 206% 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)

$1,490,000· $851/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment8.32% · $124,000

Min 8.32%50%

Mortgage payment$7,573/mo

↳ CMHC premium ($54,640 capitalized)

Property tax (est.)$944/mo

Total monthly$8,518

Cash Needed to Close

Down payment (8.32%)$124,000

Land transfer tax$26,275

Est. closing costs$6,970

Total cash needed$157,245

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