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0 Mill Race Road, Wainfleet, ON L0S 1V0

Vacant Land
$1,499,900
Property tax
$1,678 / year

RARE 15.817-ACRE HAMLET LOT! PROPOSED LUXURY ESTATE SUBDIVISION DEVELOPMENT OPPORTUNITY IN NIAGARA REGION! An exceptional opportunity for builders, developers and investors to create an exclusive community of custom estate homes in a peaceful Niagara setting. Located primarily within the Wainfleet Hamlet boundary, this impressive property features a conceptual plan for 10 generously sized estate residential lots of approximately one acre each on over 15.8 Acre Parcel of Land. The proposed concept also includes an interior roadway, fire pond, conservation area and future roadway connection to residential development to the north. The spacious lot design may provide future homeowners with greater privacy, large outdoor areas and flexibility to build custom detached estate homes, Whether you envision a 2,000 sq.ft or a sprawling 10,000 sq.ft home, there are no limitations on the size of the homes you can construct. in a beautiful, low-density setting. Surrounded by countryside and natural green space, the property offers convenient access to Highway 3, Welland, Port Colborne, Fonthill, Lake Erie beaches, Highway 406, Niagara Falls and the U.S. border. Approximately 35 minutes to Niagara Falls and the Peace Bridge with easy access to QEW. An exciting opportunity to develop a boutique estate community, create a private grand estate or secure a substantial land investment in Niagara Region. The 10-lot concept has not received municipal approval; however, the Seller advises that favourable preliminary feedback has been received from the Township. The Buyer will be responsible for completing the required archaeological study and obtaining all necessary planning and municipal approvals. Buyers are encouraged to complete their own due diligence regarding approvals, servicing, development costs, and municipal requirements.

MLS number
X13622202
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L0S 1V0
Photos
9
46days · 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 Elizabeth Catholic Elementary School
Niagara CDSB
Elementary1.9 km5.3 / 10
53% met the standard · 3 of 6 measures
Marshville Public School
DSB Niagara
Elementary1.9 km7.7 / 10
77% 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 560 people.

$102,000Median household income
93.2%Own their home
92.9%Detached houses
48Median age
6.4%Born outside Canada
12.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260793 — the few blocks around this address, home to 560 people. It describes the area, not this property.

560Population
43.8Average age
2.6Household size
$133,000Average household income
$102,000Median household income
93%Own their home
7%Rent
0%Condominiums
6%Born outside Canada
12%University degree
$650,000Average home value
3%Low income
38%Not in the labour force
22%Never married
$35,000 to $39,9992%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9995%
$60,000 to $69,9995%
$70,000 to $79,9995%
$80,000 to $89,9992%
$90,000 to $99,9995%
$100,000 and over35%
$100,000 to $124,99911%
$125,000 to $149,99911%
$150,000 to $199,9995%
$200,000 and over8%

Percentages are of the 310 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.

$299,980 · minimum here is $124,990
$6,641.23per month
Borrowed before insurance$1,199,920
Total borrowed$1,199,920
Interest over 25 years at 4.5%$792,450

If you rented it out

-$6,781.07per month out of pocket
Rent$0.00
Everything it costs to hold$6,781.07
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 COSMOPOLITAN REALTY. Listing data provided by the Toronto Regional Real Estate Board.