Homula Realty Brokerage
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3823 TERRACE LANE 303, Fort Erie, ON L0S 1B0

2 beds · 2 baths · 1 kitchen · 9 rooms · 2 parking spaces · 1600-1799 sq ft · No locker · Laundry in unit · Condo Apartment
$7,000

Utilities includedWater

Also includedBuilding Insurance · Common Elements · Building Maintenance · Parking · Snow Removal

Located in historic Crystal Beach on the shores of Lake Erie - Canada's "South Shore", the suites at THE PALMWOOD offer an incomparable lakeside living adventure only available to six fortunate participants; this is an exceptional once-in-a lifetime opportunity. Designed by ACK Michael Allan with interiors by B.B. Burgess & Associates, they are the perfect blend of sophistication, quality, and understated elegance. Each offers a great-for-entertaining open plan with walkouts to an impressively large private lakeside terrace. Expect a well-appointed galley-styed gourmet kitchen with an abundance of cupboard and counter space, pot-filler and filtered water faucets, under-valance lighting, impressive quartz counters with water-fall edge finish, plus 6 Miele Appliances - you won't be disappointed! You will appreciate the practical step-saving amenities including utility / storage room, in-suite laundry with Gorenje Stacking Washer and Dryer and the individually controlled forced air electric heating and cooling with energy saving programable ECOBEE Smart Thermostat and the cozy two-sided fireplace, two bedrooms and opulent spa baths of course. You will have the exclusive use of two assigned parking spaces - one underground and one outdoor. Secure intercom entry with only-to-your-floor elevator service. Come and experience the perfect blend of tranquility and sophistication at THE PALMWOOD. SUITE 303 offers 1750 SQ FT and 568 SQ FT Terrace. The Palmwood is a smoke-free building, pet friendly. NOTE: Minimum One-Year Lease

MLS number
X13503836
Type
Condo Apartment
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
L0S 1B0
Photos
21
Locker
No
Laundry
Ensuite
74days · 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.

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
St George Catholic Elementary School
Niagara CDSB
Elementary973 m8.8 / 10
88% met the standard
John Brant Public School
DSB Niagara
Elementary1.5 km8.1 / 10
81% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

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 658 people.

$65,000Median household income
68.5%Own their home
90.8%Detached houses
57.6Median age
18.9%Born outside Canada
18.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260683 — the few blocks around this address, home to 658 people. It describes the area, not this property.

658Population
50.3Average age
2Household size
$83,000Average household income
$65,000Median household income
69%Own their home
32%Rent
0%Condominiums
19%Born outside Canada
19%University degree
$725,000Average home value
17%Low income
96%Not in the labour force
21%Never married
Under $5,0001%
$20,000 to $24,9994%
$25,000 to $29,9994%
$30,000 to $34,9994%
$35,000 to $39,9992%
$40,000 to $44,9994%
$45,000 to $49,9992%
$50,000 to $59,99913%
$60,000 to $69,9995%
$70,000 to $79,9997%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over23%
$100,000 to $124,9996%
$125,000 to $149,9996%
$150,000 to $199,9996%
$200,000 and over6%

Percentages are of the 415 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.

$1,400 · minimum here is $350
$30.99per month
Borrowed before insurance$5,600
Total borrowed$5,600
Interest over 25 years at 4.5%$3,698

If you rented it out

-$30.99per month out of pocket
Rent$0.00
Everything it costs to hold$30.99
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.