Homula Realty Brokerage
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1501 Line 8 Road 234, Niagara-on-the-Lake, ON L0S 1L0

3 beds · 1 bath · 1 kitchen · 5 rooms · 2 parking spaces · < 700 sq ft · MobileTrailer
$54,900

An Incredible Opportunity To Own A Vacation Home In A Resort Community That Can Help Pay For Itself, This Highly Airbnb-Friendly Resort Has Enjoyed Strong Rental Demand With Steady Bookings Year Over Year. This Fully Furnished, Turnkey Cottage Offers 3 Bedrooms, 1 Bathroom, And A Fully Equipped Eat-In Kitchen Complete With A Gas Stove And Dining Area. The Bright, Airy Open-Concept Living Space Walks Out To An Expansive Private Deck, Perfect For Entertaining Or Relaxing After A Day Exploring Wine Country. The Living Room Also Features A Pull-Out Sofa For Additional Guest Accommodations.The Primary Bedroom Includes A Queen-Sized Bed And Full Closet, While The Secondary Bedrooms Offer Bunk Beds With Built-In Storage, Ideal For Families And Guests Alike. Spend Summer Evenings BBQing On The Deck, Unwinding Under The Stars, Or Gathering Around Your Private Firepit Area. Completely Turnkey and Ready to Go! Your Annual Resort Fee Includes Unlimited Access To Resort Amenities For You, Your Family, And Guests, Including An Inground Pool, 1-Acre Splash Pad, Multi-Sport Courts (Volleyball, Basketball, And Pickleball), Playground, Communal Campfire, Kidz Klub, WiFi At The Welcome Centre, And Special Events Hosted Throughout The Season. Security Features; Gated Entry With Concierge. Fees Also Cover Resort Maintenance, Security, Water, Sewage, Hydro, And Grass Cutting. Pet-Friendly And Packed With Amenities, This Is The Ultimate Seasonal Retreat And Investment Opportunity All In One!

MLS number
X13686570
Type
MobileTrailer
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
L0S 1L0
Photos
41
Laundry
Not in the unit
26days · 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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

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.

$10,980 · minimum here is $2,745
$243.09per month
Borrowed before insurance$43,920
Total borrowed$43,920
Interest over 25 years at 4.5%$29,006

If you rented it out

-$243.09per month out of pocket
Rent$0.00
Everything it costs to hold$243.09
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 REALTRON REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.