1 Zinfandel Crt
Niagara-on-the-Lake, L0S 1J0
FOR SALE
$1,049,900
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2 + 2
BEDROOMS4
BATHROOMS2
KITCHENS12
ROOMSX9366076
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Property Description
CALLING ALL INVESTORS, THIS RENTAL OPPORTUNITY IS NOT TO BE MISSED! Nestled in the heart of a charming, picturesque town, this expansive 1,400 sq ft bungalow offers both a luxurious living space and a remarkable rental income opportunity. The fully finished basement, designed as a self-contained in-law suite, includes its own private entrance, kitchenette, living area, full bathroom, and 2 bedrooms, making it ideal for rental. With the potential to generate nearly $2,500 per month in rental income, this suite offers a fantastic opportunity for additional revenue or flexible living arrangements for extended family. Upstairs, the main floor features 2 cozy bedrooms and 2.5 modern bathrooms, with both bedrooms enjoying ensuite bathrooms for enhanced privacy and comfort. The large, open-plan living and dining area is perfect for entertaining or relaxing, while the spacious kitchen, equipped with modern appliances, sleek countertops, and ample storage, is a dream for home chefs. Located close to excellent schools, this property is perfect for families. Surrounded by scenic vineyards and offering a serene lifestyle, the home is also conveniently close to local amenities. Whether you're looking for a family home with rental potential or an investment property, this bungalow offers comfort, style, and the opportunity for significant rental income.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-11-24 | 2024-02-23 | 91 | $2,500 | - | Terminated |
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Property Details
Street
Property Type
Detached, Bungalow
Lot Size
67' x 102'
Acreage
< .50
Lot Irregularities
Irregular shaped corner lot
Fronting
East
Taxes
$4,130 (2023)
Basement
Finished, Full
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Ground | 7.22' x 4.27' | |
| Living | Ground | 18.37' x 17.06' | |
| Dining | Ground | 8.86' x 8.20' | |
| Kitchen | Ground | 13.78' x 8.20' | |
| Prim Bdrm | Ground | 13.12' x 13.12' | |
| 2nd Br | Ground | 9.19' x 12.47' | |
| Laundry | Ground | 11.48' x 6.23' | |
| Living | Bsmt | 17.39' x 12.14' | |
| Dining | Bsmt | 8.53' x 21.98' | |
| Kitchen | Bsmt | 6.56' x 9.51' | |
| 3rd Br | Bsmt | 11.15' x 15.09' | |
| 4th Br | Bsmt | 13.12' x 10.50' |
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Niagara-on-the-Lake Market Statistics
Niagara-on-the-Lake Price Trend
1 Zinfandel Crt is a 2-bedroom 4-bathroom home listed for sale at $1,049,900, which is $47,338 (4.7%) higher than the average sold price of $1,002,562 in the last 30 days (October 5 - November 3). During the last 30 days the average sold price for a 2 bedroom home in Niagara-on-the-Lake increased by $106,062 (11.8%) compared to the previous 30 day period (September 5 - October 4) and down $277,438 (21.7%) from the same time one year ago.Inventory Change
There were 11 2-bedroom homes listed in Niagara-on-the-Lake over the last 30 days (October 5 - November 3), which is up 37.5% compared with the previous 30 day period (September 5 - October 4) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Niagara-on-the-Lake typically sold ($24,931) (2.5%) below asking price over the last 30 days (October 5 - November 3), which represents a $15,569 increase compared to the previous 30 day period (September 5 - October 4) and ($70,000) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Niagara-on-the-Lake over the last 30 days (October 5 - November 3) stood at 145.5%, up from 25.0% over the previous 30 days (September 5 - October 4) and up from 27.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 4-bathroom home in Niagara-on-the-Lake stood at 71 days when successfully sold over the last 30 days (October 5 - November 3), compared to 111 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty
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