497 Line 5 Road, Niagara-on-the-Lake, ON
Property Highlights
Welcome to this remarkable farm located in the coveted neighborhood of 108 - Virgil. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $5,999,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 2 Bathrooms
- Spacious lot size measured in Feet
- equipped with partial central cooling and highly efficient heating via gas
Description
137.93 Acres Of Beautiful Potential Stationed On The Sought-After Niagara Winery Route. The Land Is Comprised Of 4 Parcels Situated 10 Minutes From The Historic Old Town And 20 Minutes From The Us-Canada Border. Niagara-On-The Lake Is The Prestigious Home To Some Of The Most Established Wine-Producing Vineyards In Canada And One Of The Worlds Largest Ice wine Producers. This Opportunity Presents The Rare Chance To Own Land In An Established Tourist Destination And A Highly Desirable Location For Future Grape Growers And Developers
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Greenbelt/Conservation, Major Highway
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 497 Line 5 Road S, Niagara-on-the-Lake, ON L0S 1T0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Niagara-on-the-Lake, ON
For a property listed at $5,999,999 in Niagara-on-the-Lake, the legal minimum down payment is $1,200,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $136,475 for this transaction. As this listing is in Niagara-on-the-Lake (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $136,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.