The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Opportunities like this are becoming rare in Old Town Niagara-on-the-Lake! Situated just steps from Lake Ontario and Ryerson Park, this exceptional property offers an 102.92 feet of frontage and 161 feet of depth, surrounded by mature trees, stunning estate-style homes, and some of the most desirable real estate in the region. The real story here is the LAND, the LOCATION, and the incredible POTENTIAL! Whether you've dreamed of transforming an existing home into a spectacular estate-style residence, building your ultimate custom dream home, or exploring the possibility of severing this oversized property into TWO exceptional building lots, each about 50 feet wide and 160 feet deep, the possibilities are exciting! Imagine creating two beautiful luxury homes on generously sized lots just steps from the shores of Lake Ontario! Alternatively, take advantage of the entire property to create a magnificent private estate in a neighbourhood where exceptional homes and oversized lots are increasingly difficult to find. Any severance or redevelopment would be subject to municipal approvals. The existing three-bedroom bungalow offers plenty of possibilities, featuring vaulted ceilings, an open-concept kitchen and family room with a floor-to-ceiling brick fireplace, bright solarium, finished lower-level living space, and detached double garage/workshop. Enjoy the home as it stands, undertake a substantial renovation, or start fresh with an entirely new vision! Located on a quiet, tree-lined street in the heart of Old Town, you're within walking distance of the lake, Ryerson Park, historic Queen Street, the Shaw Festival, and everything that makes Niagara-on-the-Lake one of Canada's most sought-after communities. OVER 100 FEET OF FRONTAGE, OVER 160 FEET OF DEPTH, AND STEPS FROM THE LAKE! Whether you're a builder, investor, or someone looking to create a remarkable forever home, this is an extraordinary opportunity to create something truly special in an exceptional location!
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$7,281/mo
Mortgage (principal + interest)$6,547
Property taxFrom listing: $8,807/yr$734
Minimum 20% ($350,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$350,000
Ontario land transfer taxProvincial brackets, no first-time refund$31,475
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$384,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Niagara-on-the-Lake has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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