8 Elden Street, Niagara-on-the-Lake, ON
Property Highlights
Welcome to this remarkable land 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 $4,199,000 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
- Premium 194.43 x 303.54 ft lot size
Description
Prime mixed residential development opportunity in Virgil, Niagara-on-the-Lake. Site plan approved and ready-to-build, the development includes a 4-storey, 24-unit condo building and 8 bungalow townhomes on a prominent corner parcel surrounded by established residential housing and commercial amenities.The building is designed with twenty-four 2-bedroom units, elevator access, barrier-free suites, dedicated parking, bike storage, and landscaped common areas. The bungalow townhomes are designed for single-level living with garages and private entrances.The site layout preserves the existing church structure while positioning the apartment building and bungalow towns facing one another across a central landscaped parking and access court.Located minutes from Old Town Niagara-on-the-Lake, wineries, schools, shopping, and major commuter routes, the property offers a well-positioned infill development opportunity in one of Niagara's most established and desirable communities. Architectural plans and supporting development information available.
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Pricing & Value Insights
Data-driven valuation for 8 Elden 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 $4,199,000 in Niagara-on-the-Lake, the legal minimum down payment is $839,800 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 $91,450 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 $91,450.
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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.