Homula Realty Brokerage
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7 Hickory Lane, Port Colborne, ON L0S 1R0

3 beds · 2 baths · 1 kitchen · 6 rooms · 2 parking spaces · 700-1100 sq ft · MobileTrailer
$125,000

Welcome to 7 Hickory Lane vacation cottage in a quiet neighborhood of Sun Retreats Sherkston Shores. This 2009 General Coach vacation cottage offers 720 square feet with 3 bedrooms and 2 bathrooms, plus an additional 380 square foot add a room that brings total living space to approximately 1,100 square feet. The cottage comes furnished with new flooring throughout and features central air conditioning, an in unit washer and dryer, a tankless water heater, a sunroom, a storage shed and parking for 2 cars. With no rear neighbours and a short walk to the main complex, the site offers privacy while keeping you close to the action. Sherkston Shores is a 560 acre resort on the sandy shores of Lake Erie with 4 km of beachfront. Owners enjoy private beaches, quarry swimming, a water park, pools, restaurants, sports courts and owner only events. The resort season runs May 1 to October 31 with daytime access through the off season. Located 90 minutes from the GTA and 20 minutes from Niagara Falls and Buffalo. Annual resort fee and season details available through the listing brokerage.

MLS number
X13440546
Type
MobileTrailer
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
L0S 1R0
Photos
16
92days · 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.

Approximate — placed from the postal code, which can cover a block or more.

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,747 people.

$87,000Median household income
96.5%Own their home
51.6%Detached houses
54.4Median age
13.5%Born outside Canada
20.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260795 — the few blocks around this address, home to 1,747 people. It describes the area, not this property.

1,747Population
48.2Average age
2.3Household size
$143,000Average household income
$87,000Median household income
97%Own their home
4%Rent
4%Condominiums
14%Born outside Canada
21%University degree
$728,000Average home value
8%Low income
79%Not in the labour force
20%Never married
$15,000 to $19,9991%
$20,000 to $24,9992%
$25,000 to $29,9993%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9994%
$60,000 to $69,9997%
$70,000 to $79,9995%
$80,000 to $89,9994%
$90,000 to $99,9992%
$100,000 and over31%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,9999%
$200,000 and over9%

Percentages are of the 1,115 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.

$25,000 · minimum here is $6,250
$553.47per month
Borrowed before insurance$100,000
Total borrowed$100,000
Interest over 25 years at 4.5%$66,042

If you rented it out

-$553.47per month out of pocket
Rent$0.00
Everything it costs to hold$553.47
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 RE/MAX NIAGARA REALTY LTD, BROKERAGE. Listing data provided by the Toronto Regional Real Estate Board.