1065 Concession 3 Rd
Niagara-on-the-Lake, L0S 1J0
FOR SALE
$3,499,000
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Property Description
No concessions need to be made on this brag-worthy custom-built home that was designed to drink up every ounce of sunlight and private vineyard views. Savour the advantage of a mature income-producing vineyard on ~28.5 acres boasting overhead irrigation, & 4 windmills. With the potential to hold an estate winery designation, this parcel of prestige boasts 2.7 acres of Riesling, 6.2 acres of Cabernet Sauvignon, 4.1 acres of Gamay, 4 acres of Vidal, & 7.4 acres of the prominent Dornfelder. 2-road access separates the secluded residence from commercial endeavors and a variety of agri-business potential, including a mature walnut grove that would serve well for an off-the-grid tiny house with high STR income. High-quality soil produces grapes of exceptional character & supplies some of the region's major wine producers (while helping to nicely offset the mortgage payments!). A tree-lined gateway to an idyllic lifestyle where luxury, charm, & the allure of the wine country converge.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-08-16 | 2023-02-12 | 184 | $3,488,000 | - | Expired |
| 2022-08-16 | 2023-01-19 | 160 | $2,999,800 | - | Suspended |
Extras
It is the purchaser's responsibility to obtain planning and use approvals to their requirements. Professional property use consultants familiar with this area, zonings, allowed uses are available.
Property Features
Tiled
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Property Details
Street
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
121' x 1,004'
Acreage
25-49.99
Lot Irregularities
28.5
Fronting
North
Taxes
$5,880 (2022)
Basement
Unfinished, Walk-Up
Exterior
Alum Siding, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Circular
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 9.88' x 6.73' | Hardwood Floor, Open Stairs |
| Living | Main | 25.89' x 18.70' | Hardwood Floor, 2 Way Fireplace, O/Looks Backyard |
| Dining | Main | 9.74' x 14.47' | Hardwood Floor, Combined W/Kitchen |
| Kitchen | Main | 11.55' x 12.17' | Open Concept, O/Looks Backyard, Pantry |
| Laundry | Main | 6.27' x 8.07' | |
| Office | Main | 12.01' x 11.61' | |
| Prim Bdrm | Main | 17.78' x 14.14' | 2 Way Fireplace, W/I Closet |
| Bathroom | Main | 9.74' x 14.14' | 5 Pc Bath, Double Sink, Soaker |
| 2nd Br | 2nd | 12.01' x 11.61' | |
| 3rd Br | 2nd | 17.65' x 12.17' | O/Looks Frontyard |
| 4th Br | 2nd | 13.45' x 24.84' | O/Looks Backyard |
| Bathroom | 2nd | 9.58' x 6.53' | 4 Pc Bath |
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Niagara-on-the-Lake Market Statistics
Niagara-on-the-Lake Price Trend
1065 Concession 3 Rd is a 4-bedroom 2-bathroom home listed for sale at $3,499,000, which is $2,449,000 (233.2%) higher than the average sold price of $1,050,000 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 4 bedroom home in Niagara-on-the-Lake declined by $15,000 (1.4%) compared to the previous 30 day period (February 27 - March 27) and down $253,950 (19.5%) from the same time one year ago.Inventory Change
There were 11 4-bedroom homes listed in Niagara-on-the-Lake over the last 30 days (March 28 - April 26), which is up 10.0% compared with the previous 30 day period (February 27 - March 27) and up 37.5% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Niagara-on-the-Lake typically sold ($25,000) (2.4%) below asking price over the last 30 days (March 28 - April 26), which represents a $100,001 decrease compared to the previous 30 day period (February 27 - March 27) and ($35,500) 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 4-bedroom homes in Niagara-on-the-Lake over the last 30 days (March 28 - April 26) stood at 36.4%, up from 30.0% over the previous 30 days (February 27 - March 27) and up from 25.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Niagara-on-the-Lake stood at 20 days when successfully sold over the last 30 days (March 28 - April 26), compared to 129 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Summit Realty Inc.
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