8 ELDEN STREET, Niagara-on-the-Lake (Virgil)

$4,199,000

For sale: Vacant Land

Vacant Land at 8 ELDEN STREET, Niagara-on-the-Lake (Virgil)
Property type
Land
MLS®
MLS® X13816170
Neighbourhood
108 - Virgil

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.

Sold data

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

Homes in Niagara-on-the-Lake (Virgil) took a median of 42 days to sell over the last 90 days, with the quickest quarter selling within 24 days and the slowest quarter taking more than 75, across 95 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 91 days.

The median sale price was $975,000.

Homes sold for about 4.2% below asking on average, so there was room to negotiate.

About 4% of sales closed above the list price.

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

Median days to sell
42
Median sale price
$975,000
Sale-to-list ratio
95.8%
Sold above asking
4%

Based on 95 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 (Virgil)

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

Rated schools
2
Elementary
2

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

  • Crossroads — elementary, Niagara-on-the-LakeFraser rating 9.0/10
  • St Michael — elementary, 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 8 ELDEN STREET