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1339 LAKESHORE Road, Niagara-on-the-Lake, ON L0S 1J0

Sale Of Business
$9,200,000

Located minutes from historic Niagara-on-the-Lake, this picturesque piece of land exudes tranquility. Home to Strewn Winery, the Ten Acre property located at 1339 Lakeshore Road has tremendous value as a revenue generator. The property includes a range of guest experiences as it houses the iconic winery, four distinct tasting experience locations (including the outdoor patio with views of the vineyards and scenic Four-Mile Creek tasting room), retail space, a restaurant, a cooking school, production facility and an attached four bedroom with four bathroom (ensuite) home with private courtyard which provides great potential as an Airbnb. In addition, a separate building currently used for onsite space could be utilized as a distillery or brewery. For over two decades, Strewn Winery has produced premium wines. The Company owns and operates a 30,000-square foot winery with complete production and winemaking facilities. Along with its additional 22 acres of vineyard at 916 Line 1, its total of 27 acres under vine yield exceptional red and white wines. Strewn's wines have won hundreds of awards in international competitions, generating strong brand awareness and loyalty. 1339 Lakeshore Road is one of the area's three major wine routes and is within minutes of Historic Niagara on the Lake, a major tourism destination as well as restaurants and accommodations. There are very few available parcels of land with such a desirable, high-profile location and all existing vineyards. With a soothing landscape, it's difficult not to be lulled away by the beauty of time experienced here. It is an ideal opportunity for innovative and inspirational growth. Leases are in place for the cooking school and restaurant, which ultimately allows for multiple revenue streams. The restaurant patio, covered by a permanent roof, overlooks the serene waters of Four Mile Creek.

MLS number
X12835012
Type
Sale Of Business
Status
Active
Bedrooms
Bathrooms
Postal code
L0S 1J0
Photos
50
Property tax
$38,411 / year
198days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Virgil Old Colony Christian SchoolElementary2.1 kmNot reported

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 807 people.

$101,000Median household income
86%Own their home
44Median age
18.1%Born outside Canada
22.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260012 — the few blocks around this address, home to 807 people. It describes the area, not this property.

807Population
42.5Average age
2.9Household size
$137,000Average household income
$101,000Median household income
86%Own their home
14%Rent
0%Condominiums
18%Born outside Canada
23%University degree
$1,010,000Average home value
8%Low income
61%Not in the labour force
27%Never married
$20,000 to $24,9991%
$25,000 to $29,9993%
$30,000 to $34,9991%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9993%
$60,000 to $69,9995%
$70,000 to $79,9994%
$80,000 to $89,9993%
$90,000 to $99,9995%
$100,000 and over34%
$100,000 to $124,9999%
$125,000 to $149,9996%
$150,000 to $199,9998%
$200,000 and over10%

Percentages are of the 385 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$1,840,000 · minimum here is $1,840,000
$40,735.61per month
Borrowed before insurance$7,360,000
Total borrowed$7,360,000
Interest over 25 years at 4.5%$4,860,683

If you rented it out

-$43,936.53per month out of pocket
Rent$0.00
Everything it costs to hold$43,936.53
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by SOTHEBY'S INTERNATIONAL REALTY, BROKERAGE. Listing data provided by the Toronto Regional Real Estate Board.