425 Gate Street, Niagara-on-the-Lake, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of 101 - Town. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $998,000 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.
- 0 Bedrooms and 0 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 54 x 251.86 ft lot
- Notable attributes: None
Description
Fully serviced lot in the heart of Niagara on the Lake. This is a great opportunity to own a 54-foot-wide by 251-foot-deep property in a prime location. Renovate the existing structure or construct a new home on this large lot, the depth of this lot provides a myriad of construction and design possibilities. Enjoy living walking distance to Niagara-on- the-Lake's famous Queen Street shopping, dining, and theatres as well as numerous beautiful parks, golfing, and the waterfront.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 425 Gate Street, Niagara-on-the-Lake, ON L0S 1J0
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About Purchasing a Home in Niagara-on-the-Lake, ON
For a property listed at $998,000 in Niagara-on-the-Lake, the legal minimum down payment is $74,800 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 $16,435 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 $16,435.
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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.