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.

1501 Line 8 Road 502, Niagara-on-the-Lake, ON L0S 1J0

3 beds · 1 bath · 1 kitchen · 5 rooms · 2 parking spaces · < 700 sq ft · MobileTrailer
$67,900

Welcome to Unit 502, it is Ideally located within the community. This cottage offers a comfortable setting with easy access to the resort's many amenities. Inside features include 3 bedrooms, accommodation to sleep up to 8 comfortably, 1 full bathroom, a practical kitchen featuring high end GE appliances, and a bright, comfortable living area perfect for relaxing or hosting. Truly turn-key. The resort operates May 1 to October 31, giving you six months to enjoy one of Niagara's top vacation destinations. Ownership includes unlimited use of the pool, splash pad, Kids Club, sports courts, playgrounds, events, and WiFi at the Welcome Centre. Annual resort management fees cover water, sewage, hydro, grass cutting, and general maintenance, allowing for truly carefree living, with owners only responsible for propane and insurance. In 2025 , the owners rented it out on Air BnB under an agreement with the park covering the Annual Fee of 9593.70 plus over $5,000 in profit. See attached link for Air BnB

MLS number
X13653332
Type
MobileTrailer
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
L0S 1J0
Photos
23
Laundry
Not in the unit
36days · 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 the building rather than the unit — every unit in a tower shares one coordinate.

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 534 people.

$98,000Median household income
92.7%Own their home
97.8%Detached houses
57.2Median age
29.5%Born outside Canada
36.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260754 — the few blocks around this address, home to 534 people. It describes the area, not this property.

534Population
51.9Average age
2.3Household size
$143,000Average household income
$98,000Median household income
93%Own their home
7%Rent
0%Condominiums
30%Born outside Canada
37%University degree
$1,160,000Average home value
10%Low income
98%Not in the labour force
20%Never married
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9995%
$60,000 to $69,9995%
$70,000 to $79,9993%
$80,000 to $89,9993%
$90,000 to $99,9995%
$100,000 and over34%
$100,000 to $124,9998%
$125,000 to $149,9998%
$150,000 to $199,9999%
$200,000 and over9%

Percentages are of the 325 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.

$13,580 · minimum here is $3,395
$300.65per month
Borrowed before insurance$54,320
Total borrowed$54,320
Interest over 25 years at 4.5%$35,874

If you rented it out

-$300.65per month out of pocket
Rent$0.00
Everything it costs to hold$300.65
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 ROYAL LEPAGE NRC REALTY. Listing data provided by the Toronto Regional Real Estate Board.