4 Merritt Circle, Niagara-on-the-Lake, ON

$1,175,000
MLS#:X11057716
6 beds
5 baths
1500-2000 sqft
8.0 parking
Residential Freehold
4 Merritt Circle, Niagara-on-the-Lake, ON L0S 1J0
⚠️

Property no longer active

This property was sold on December 16, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of 101 - Town. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $1,175,000 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.

  • 6 Bedrooms and 5 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 110 x 224 ft lot
  • Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Accessory Apartment, Auto Garage Door Remote, Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Opportunity is knocking!!!! Complete the renovations of this potentially stunning home and property. Sprawling raised bungalow has incredible potential . The potential of this home is astounding and the location is unbeatable - Park like half acre property on a quiet, treelined circle in renown Garrison Village in Niagara-on-the-Lake. Walking distance to wineries, restaurants, and activities, and only 2km to historic Old Towne ! The main floor is approximately 2200 sq ft with spacious open concept kitchen dining and living, 3 bedrooms all with walk in closets including a grand Primary suite, 2 baths, laundry, and patio doors to back deck overlooking the expansive, fully fenced park yard and in-ground pool. The lower level alone boasts 9ft ceilings and over 2000sq ft with large above grade windows, it's own open concept kitchen, dining and living area, 2 baths, laundry, 3 bedrooms all with walk in closets, plus office and entry from inside and exterior. The lower level could be a complete 2000 sqft in-law apartment, air B&B, or fantastic additional entertaining space Private financing available to get you through the renovation process

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Property Summary

This detached home located at 4 Merritt Circle, Niagara-on-the-Lake is currently for sale and has been available on SousaSells for 618 days. This property is listed at $1,175,000 with an estimated mortgage of $3,911* per month. It has 6 beds, 5 bathrooms, and is 1500-2000 square feet. 4 Merritt Circle, Niagara-on-the-Lake is in the 101 - Town neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 6 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in 101 - Town, Niagara-on-the-Lake.

Highly Recommended for Families
What We Love About This Home
  • 6 spacious bedroom layout offering versatile living space
  • 5 well-appointed bathrooms
  • 1500-2000 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in 101 - Town, Niagara-on-the-Lake.

Target Buyer Match

Key Features

Bedrooms
6
Bathrooms
5
Kitchens
2
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 16, 2024
Sold price information is available to members only
Listed Date11/26/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionBrick, Aluminum Siding
BasementFinished with Walk-Out
Lot Size110 × 224 Feet
CountyNiagara
Annual Tax$8,924.69
Legal DescriptionPCL 106-1 SEC M65; LT 106 PL M65 ; NIAGARA ON THE LAKE

Parking & Garage

Parking Total8.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • Accessory Apartment
  • Auto Garage Door Remote
  • Primary Bedroom - Main Floor

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 4 Merritt Circle, Niagara-on-the-Lake, ON

Q.What is the asking price for 4 Merritt Circle, Niagara-on-the-Lake, ON ?

The current listing price for 4 Merritt Circle, Niagara-on-the-Lake, ON in 101 - Town, Niagara-on-the-Lake is $1,175,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 6 bedrooms and 5 bathrooms across approximately 1500-2000 sqft.

Q.What property type and architectural style is 4 Merritt Circle, Niagara-on-the-Lake, ON ?

4 Merritt Circle, Niagara-on-the-Lake, ON is a Detached (Bungalow-Raised) featuring a Finished with Walk-Out basement.

Q.What interior features are included in this home?

Interior highlights include: Accessory Apartment, Auto Garage Door Remote, Primary Bedroom - Main Floor.

Q.Is parking available at this property?

Yes, this property offers parking space for 8.0 vehicles (Attached).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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4 Merritt Circle, Niagara-on-the-Lake, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 4 Merritt Circle, Niagara-on-the-Lake, ON L0S 1J0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Niagara-on-the-Lake.

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Interest Rate4.00%
Down Payment$352,500 (30.0%)
* Minimum Canadian down payment required for this price is $235,000.
Amortization Period30 Years
Estimated Monthly Payment$3,911Based on a loan of $822,500 over 30 years.
Purchase Price$1,175,000
Loan Amount$822,500
Provincial Land Transfer Tax:$19,975
Total Estimated Closing Taxes:$19,975

About Purchasing a Home in Niagara-on-the-Lake, ON

For a property listed at $1,175,000 in Niagara-on-the-Lake, the legal minimum down payment is $235,000 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 $19,975 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 $19,975.

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101 - Town, Niagara-on-the-Lake Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 101 - Town, Niagara-on-the-Lake.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,916,422

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Best Schools in 101 - Town, Niagara-on-the-Lake

Elementary Schools

Crossroads
Public1350 Niagara Stone Road, Niagara-on-the-Lake, Ontario, L0S 1J0
9.0
St Michael
Public387 Line 3 Road, Niagara-on-the-Lake, Ontario, L0S 1J0
7.9

Secondary Schools

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101 - Town, Niagara-on-the-Lake Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.