$2,750,000
For sale: Vacant Land

Exciting SHOVEL READY development opportunity in the heart of Old Town Niagara-on-the-Lake! Located at 2203 Niagara Stone Road, this proposed site has potential for 9 executive townhomes, offering a rare chance in one of Canadas most prestigious and picturesque communities. Ideally situated along the main gateway to Old Town, future residents will enjoy being walk distance to boutique shops, fine dining, art galleries, and the renowned Shaw Festival Theatre. Just minutes from award-winning wineries, Niagara-on-the-Lake Golf Club, the scenic Lake Ontario waterfront, and beautiful parks, this location provides the perfect blend of luxury, culture, and convenience making it a lucrative builder opportunity. The site also offers easy access to major highways, making it a seamless commute to Niagara Falls, the QEW through to Toronto. With strong demand for upscale housing in this affluent area, this is an unparalleled investment opportunity in a thriving real estate market. Considerable site preparations have already been completed including but not limited to - removal of unstable material & site compaction, construction of dry lay stone retaining wall, transformer, light fixtures and street lampposts available, and grinder pumps for 6 units are available to the purchaser - a value add of approximately $725,000 has already been done for you by the developer! Plans are available for 6 townhomes - but the site is pending approval for up to 9. Don't miss out on this prime development site in one of the most desirable destinations in the country!
Sold data
Homes in Niagara-on-the-Lake (Town) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 80 days.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 (Town) has 2 Fraser Institute–rated schools (2 elementary).
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$2,799,000
Vacant Land3779 MACKLEM STREET, 223 - Chippawa, Niagara Falls

$2,499,900
Vacant Land4152 BRIDGE STREET, 210 - Downtown, Niagara Falls

$2,499,000
Vacant Land16 ORMOND STREET S, 557 - Thorold Downtown, Thorold

$2,900,000
Vacant LandN/A NORTH SERVICE ROAD, 981 - Lincoln Lake, Lincoln

$3,499,999
Vacant Land743 QUAKER ROAD, 662 - Fonthill, Pelham

$2,980,000
Other450 QUEENSTON ROAD, 104 - Rural, Niagara-on-the-Lake

$2,999,888
Other125 HARTZEL ROAD, 456 - Oakdale, St. Catharines

$2,500,000
Other6499 LUNDYS LANE, 215 - Hospital, Niagara Falls