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.
Welcome to 487 Four Mile Creek Road in the most sought after St. Davids area of Niagara-on-the-Lake! Perched on a breathtaking 5 acres of rare land, and just down the street from award winning wineries and world class restaurants, this is the one you've been waiting for. With a detached garage and a separate entrance to the high and dry basement (making it ready for an in-law suite) this home has too many updates to list, but I will name a few: Underground 200amp electrical service, 1000 US gallon 2 compartment/2 access cover septic tank (installed 2014), new DUG well (report available), accessible underground hydro line to garage, 2 under drain lines installed across property behind house, new cement walk-down to basement, new municipal gas line to house with lines run for furnace, outdoor BBQ, future fireplace in bedroom and living room, updated furnace and duct work with enough capacity for a future addition, air exchange unit and central air updated, new plumbing throughout, new water softener, all updated drywall, flooring, windows and doors, and kitchen etc, large shower main floor with seat, 6 ft. jet tub upper level. Upper bathroom also plumbed in for shower or stacking washer/dryer, all new wiring and RG6 ran throughout house, house re-sided and all new insulation, spray foam in roof, knee walls (all accessible for storage), front driveway wall and basement rim joists, remainder is batting. This home is set back beautifully from the road and has the potential for additional structures or additions to the existing home. With municipal gas, a dug well and updated septic tanks, this rural property is ready for you to move in, make it your own and enjoy the best town in our great country!
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What’s NearbyDistances approximate
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Transit score information is not available for this listing.
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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$5,286/mo
Mortgage (principal + interest)$4,994
Property taxFrom listing: $3,505/yr$292
Minimum $108,500 down for this price; the slider moves in whole percent, starting at 9%. Under 20% adds mortgage default insurance. 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$267,000
Ontario land transfer taxProvincial brackets, no first-time refund$23,175
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$292,975
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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
