Homula Realty Brokerage
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.

9043 Ridge Road, Niagara Falls, ON L3B 5N7

4 beds · 2 baths · 1 kitchen · 6 rooms · 5 parking spaces · 2000-2500 sq ft · Farm
$1,398,000
Property tax
$2,667 / year

Country living meets income-producing opportunity on this picturesque 54-acre property ideally located just a short drive to town amenities, schools, and everyday conveniences. The well-maintained 1.5-storey home offers 4 generous bedrooms, updated kitchen finishes, comfortable living spaces, and a welcoming family room designed for everyday living and entertaining alike. New carpeting on the upper level adds a fresh, modern touch. Step outside and enjoy your own private backyard retreat featuring an on-ground pool and a covered concrete patio - the perfect setting for summer gatherings, outdoor dining, and entertaining family and friends. The productive farmland is currently leased to a local farmer who is interested in continuing the arrangement, providing added flexibility and potential supplemental income for the new owner. The acreage is well suited for agricultural use, investment, or simply enjoying the open rural landscape. An added bonus - there are no conservation restrictions affecting the property, offering greater freedom and future potential for use and enjoyment. A rare opportunity to own a sizeable rural property that combines comfortable family living, workable farmland, and long-term versatility in a highly desirable location.

MLS number
X13555248
Type
Farm
Status
Active
Bedrooms
4
Bathrooms
2
Postal code
L3B 5N7
Photos
46
Laundry
Not in the unit
61days · 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 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 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.

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 618 people.

$92,000Median household income
100%Own their home
96%Detached houses
55.2Median age
10.3%Born outside Canada
15.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260136 — the few blocks around this address, home to 618 people. It describes the area, not this property.

618Population
49.6Average age
2.5Household size
$105,000Average household income
$92,000Median household income
100%Own their home
0%Rent
0%Condominiums
10%Born outside Canada
15%University degree
$775,000Average home value
8%Low income
56%Not in the labour force
23%Never married
Under $5,0001%
$20,000 to $24,9993%
$30,000 to $34,9991%
$35,000 to $39,9991%
$40,000 to $44,9991%
$45,000 to $49,9991%
$50,000 to $59,9994%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9997%
$90,000 to $99,9993%
$100,000 and over34%
$100,000 to $124,99911%
$125,000 to $149,9998%
$150,000 to $199,9998%
$200,000 and over6%

Percentages are of the 355 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.

$279,600 · minimum here is $114,800
$6,190.04per month
Borrowed before insurance$1,118,400
Total borrowed$1,118,400
Interest over 25 years at 4.5%$738,612

If you rented it out

-$6,412.29per month out of pocket
Rent$0.00
Everything it costs to hold$6,412.29
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 EXP REALTY. Listing data provided by the Toronto Regional Real Estate Board.