$489,900
For sale: Vacant Land

Prime residential building lot located in the highly sought-after community of Virgil in Niagara-on-the-Lake. An exceptional opportunity to build a custom home in one of Niagara's most desirable neighbourhoods, surrounded by quality homes and just minutes from wineries, golf courses, Old Town Niagara-on-the-Lake, shopping, schools, parks and everyday amenities. The Seller may consider constructing a custom home for a qualified Buyer, with the cost of construction to be negotiated separately from the purchase price of the lot.
Sold data
Homes in Niagara-on-the-Lake (Virgil) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 80 days.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.
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
Niagara-on-the-Lake (Virgil) has 2 Fraser Institute–rated schools (2 elementary).
School ratings from the Fraser Institute's Ontario school report cards.
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