Homula Realty Brokerage
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7797 Lundys Lane, Niagara Falls, ON L2H 1H3

Vacant Land
$2,799,900
Property tax
$34,161 / year

Prime location in Niagara falls on one of the busiest high traffic count streets . Don't miss this opportunity of a lifetime. Excellent for commercial, retail, Site, professional office, social assistance and many other uses. Power of sale , priced to go , below market value. Possibility for creative financing with good equity and net worth. Mortgagee may consider build to suit, Great opportunity for Prime Government institutional use, including rehab intake, John Howard Society half way home for convicts on Parole, Homeless Shelter, Safe Injection at $30 ft net net real money maker

MLS number
X13735084
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L2H 1H3
Photos
1
Laundry
Not in the unit
11days · 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 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 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.

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
Westlane Secondary School
DSB Niagara
Secondary441 m7.7 / 10
77% met the standard · 2 of 6 measures
Greendale Public School
DSB Niagara
Elementary629 m8.2 / 10
82% met the standard
St John Henry Newman Catholic Elementary School
Niagara CDSB
Elementary611 m7.5 / 10
75% met the standard
Forestview Public School
DSB Niagara
Elementary1.1 km8.3 / 10
83% met the standard
Kate S Durdan Public School
DSB Niagara
Elementary1.8 km9.3 / 10
93% met the standard
Loretto Catholic Elementary School
Niagara CDSB
Elementary1.8 km7.9 / 10
79% 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.

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 1,563 people.

$88,000Median household income
84%Own their home
86.7%Detached houses
45.2Median age
29.5%Born outside Canada
21.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260619 — the few blocks around this address, home to 1,563 people. It describes the area, not this property.

1,563Population
42.8Average age
2.9Household size
$98,800Average household income
$88,000Median household income
84%Own their home
16%Rent
0%Condominiums
30%Born outside Canada
21%University degree
$640,000Average home value
8%Low income
69%Not in the labour force
30%Never married
Under $5,0001%
$15,000 to $19,9991%
$20,000 to $24,9992%
$25,000 to $29,9991%
$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 $69,9997%
$70,000 to $79,9995%
$80,000 to $89,9995%
$90,000 to $99,9993%
$100,000 and over30%
$100,000 to $124,9999%
$125,000 to $149,9997%
$150,000 to $199,9999%
$200,000 and over5%

Percentages are of the 755 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.

$559,980 · minimum here is $559,980
$12,397.35per month
Borrowed before insurance$2,239,920
Total borrowed$2,239,920
Interest over 25 years at 4.5%$1,479,285

If you rented it out

-$15,244.10per month out of pocket
Rent$0.00
Everything it costs to hold$15,244.10
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 REALTY SPECIALISTS INC.. Listing data provided by the Toronto Regional Real Estate Board.