Homula Realty Brokerage
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80 Gage Street, Niagara-on-the-Lake, ON L0S 1J0

Vacant Land
$999,000
Property tax
$1,928 / year

Discover the perfect opportunity to build your dream home on this stunning, beautiful vacant lot, nestled centrally in one of the prettiest towns in Canada. Ideally located just a few minutes walk, (2 STREETS AWAY!) from the gorgeous main street of the Olde Town, short drives to numerous wineries in the greater Niagara Region, a vibrant marina, the world class SHAW Theatre, and Niagara's top-rated restaurants. Don't miss your rare opportunity to own the perfect slice of paradise in a community known for it's Historic Olde World charm and beauty, it's local friendliness and incredible bucolic lifestyle. Vacant lots like this, in the highly sought after central location of Olde Town, virtually never come up for sale! All you'll need to do is come and experience it, to fall in love and see all of the possibilities that exist, to build your perfect dream home in Paradise!

MLS number
X12881080
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L0S 1J0
Photos
16
Laundry
Not in the unit
185days · 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

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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
Royal Oak Community SchoolElementary748 mNot 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 502 people.

$98,000Median household income
85.4%Own their home
91.3%Detached houses
64Median age
29.8%Born outside Canada
51.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260004 — the few blocks around this address, home to 502 people. It describes the area, not this property.

502Population
57.5Average age
2.1Household size
$180,000Average household income
$98,000Median household income
85%Own their home
15%Rent
10%Condominiums
30%Born outside Canada
52%University degree
$1,360,000Average home value
8%Low income
16%Never married
$15,000 to $19,9991%
$30,000 to $34,9991%
$35,000 to $39,9993%
$40,000 to $44,9991%
$45,000 to $49,9991%
$50,000 to $59,9994%
$60,000 to $69,9994%
$70,000 to $79,9997%
$80,000 to $89,9994%
$90,000 to $99,9991%
$100,000 and over34%
$100,000 to $124,9994%
$125,000 to $149,9997%
$150,000 to $199,9997%
$200,000 and over15%

Percentages are of the 335 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.

$199,800 · minimum here is $74,900
$4,423.36per month
Borrowed before insurance$799,200
Total borrowed$799,200
Interest over 25 years at 4.5%$527,807

If you rented it out

-$4,584.02per month out of pocket
Rent$0.00
Everything it costs to hold$4,584.02
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 BOSLEY REAL ESTATE LTD.,. Listing data provided by the Toronto Regional Real Estate Board.