64 HOMESTEAD Drive, Niagara-on-the-Lake, ON

$1,450,000
MLS#:X9407334
2 beds
2 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 108 - Virgil. Expertly crafted featuring premium board & batten and stone construction, this residence presents an exceptional opportunity offered at $1,450,000 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 62 x 106 ft lot
  • Features a partially finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Bar Fridge, Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Step into luxury with this stunning bungalow nestled in the heart of Niagara on the Lake, where elegance meets tranquility. This meticulously crafted home boasts beautiful upgrades and exquisite features that redefine the essence of modern living. The seamless flow of the open-concept layout is a perfect blend of style and functionality. The attention to detail is evident with beautiful trim work, feature walls and ceiling treatments. The kitchen is well designed with an abundance of work space and storage including wine fridge. The in-floor heating in the basement, creates a cozy and inviting atmosphere for gatherings or quiet moments of relaxation. The basement space is partially finished offering endless possibilities for a home office, entertainment area, or an additional bedroom with plenty of space for storage. One of the highlights of this remarkable property is its unparalleled location in a new development in Virgil, the heart of Niagara on the Lake. Whether you're enjoying a glass of wine on the patio, or taking advantage of all the Niagara has to offer, this home offers endless opportunities for rest and recreation. With its unbeatable location, luxurious amenities, and timeless appeal, this bungalow is more than just a place to live – it's a lifestyle choice. Don't miss your chance to make this brand new property your own and experience the magic of Niagara-on-the-Lake living firsthand. Schedule a showing today and prepare to fall in love with everything this exceptional home has to offer.

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Property Summary

This detached home located at 64 HOMESTEAD Drive, Niagara-on-the-Lake is currently for sale and has been available on SousaSells for 760 days. This property is listed at $1,450,000 with an estimated mortgage of $4,827* per month. It has 2 beds, 2 bathrooms, and is 1500-2000 square feet. 64 HOMESTEAD Drive, Niagara-on-the-Lake is in the 108 - Virgil neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date6/12/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBoard & Batten , Stone
BasementPartially Finished, Full
Lot Size62 × 106 Feet
CountyNiagara
Annual Tax$0
Legal DescriptionPLAN 30M470 TOWN OF NIAGARA-ON-THE-LAKE

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Bar Fridge, Sump Pump

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

Location

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64 HOMESTEAD Drive, 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 64 HOMESTEAD Drive, Niagara-on-the-Lake, ON L0S 1J0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$435,000 (30.0%)
* Minimum Canadian down payment required for this price is $290,000.
Amortization Period30 Years
Estimated Monthly Payment$4,827Based on a loan of $1,015,000 over 30 years.
Purchase Price$1,450,000
Loan Amount$1,015,000
Provincial Land Transfer Tax:$25,475
Total Estimated Closing Taxes:$25,475

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

For a property listed at $1,450,000 in Niagara-on-the-Lake, the legal minimum down payment is $290,000 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 $25,475 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 $25,475.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,408,655

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%

Local Schools Guide

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

No secondary schools data loaded.

Homes & Housing

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.