1339 LAKESHORE ROAD, Niagara-on-the-Lake (Lakeshore)

$9,200,000

For sale: Other

Other at 1339 LAKESHORE ROAD, Niagara-on-the-Lake (Lakeshore)
Property type
Sale Of Business
MLS®
MLS® X12835012
Neighbourhood
102 - Lakeshore

Located minutes from historic Niagara-on-the-Lake, this picturesque piece of land exudes tranquility. Home to Strewn Winery, the Ten Acre property located at 1339 Lakeshore Road has tremendous value as a revenue generator. The property includes a range of guest experiences as it houses the iconic winery, four distinct tasting experience locations (including the outdoor patio with views of the vineyards and scenic Four-Mile Creek tasting room), retail space, a restaurant, a cooking school, production facility and an attached four bedroom with four bathroom (ensuite) home with private courtyard which provides great potential as an Airbnb. In addition, a separate building currently used for onsite space could be utilized as a distillery or brewery. For over two decades, Strewn Winery has produced premium wines. The Company owns and operates a 30,000-square foot winery with complete production and winemaking facilities. Along with its additional 22 acres of vineyard at 916 Line 1, its total of 27 acres under vine yield exceptional red and white wines. Strewn's wines have won hundreds of awards in international competitions, generating strong brand awareness and loyalty. 1339 Lakeshore Road is one of the area's three major wine routes and is within minutes of Historic Niagara on the Lake, a major tourism destination as well as restaurants and accommodations. There are very few available parcels of land with such a desirable, high-profile location and all existing vineyards. With a soothing landscape, it's difficult not to be lulled away by the beauty of time experienced here. It is an ideal opportunity for innovative and inspirational growth. Leases are in place for the cooking school and restaurant, which ultimately allows for multiple revenue streams. The restaurant patio, covered by a permanent roof, overlooks the serene waters of Four Mile Creek.

Sold data

Homes in Niagara-on-the-Lake (Lakeshore) — recent sold market

Homes in Niagara-on-the-Lake (Lakeshore) took a median of 39 days to sell over the last 90 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 75, across 99 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 80 days.

The median sale price was $989,000.

Homes sold for about 4.4% below asking on average, so there was room to negotiate.

About 3% of sales closed above the list price.

Around 26% of sellers reduced their price before finding a buyer.

Median days to sell
39
Median sale price
$989,000
Sale-to-list ratio
95.6%
Sold above asking
3%

Based on 99 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Niagara-on-the-Lake (Lakeshore)

Niagara-on-the-Lake (Lakeshore) has 2 Fraser Institute–rated schools (2 elementary).

Rated schools
2
Elementary
2

Top-rated schools in Niagara-on-the-Lake (Lakeshore)

  • Crossroadselementary, Niagara-on-the-LakeFraser rating 9.0/10
  • St Michaelelementary, Niagara-on-the-LakeFraser rating 7.9/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1339 LAKESHORE ROAD