22 Melrose Dr

FOR SALE
$3,298,000
22 Melrose Dr, Niagara-on-the-Lake
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3 + 1
BEDROOMS
3
BATHROOMS
1
KITCHENS
11 + 5
ROOMS
X8175192
MLSID
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Property Description
Introducing a masterpiece of modern luxury, this brand new 2sty home stands as a testament to refined living. 4bdrms & 2.5 baths, this prestigious Niagara-on-the-Lake creation exudes quality & craftmanship, backed by the reputation of a renowned local Builder. Elegance meets functionality w/the captivating floor to ceiling windows that grace every corner. Stunning stone F/P that commands attention in the living area, creating an inviting atmosphere for relaxation. Prepare to be wowed by the gourmet kitchen ft. a marble island w/additional sink. A profusion of pot lights illuminates the space, highlighting the vast kitchen layout & ample cupboard space. Brand name appliances. Dining room has W/O to back patio that has a stone fireplace. Patio continues along the side of the home, offering a vantage point that overlooks the yard. Large laundry area w/plenty storage. Main flr bdrms, oversized primary w/5pc ensuite. His & her sinks, sep tub & shower and large W/I closet. Upper lvl has
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-01-17 2024-02-12 26 $3,799,900 - Terminated
2023-10-11 2023-12-15 65 $4,199,900 - Terminated
2023-08-17 2023-10-12 56 $4,499,000 - Terminated
Extras
oversized cozy loft, 3pc bath & additional office space. Lower lvl has large windows, W/O to back yard, additional bdrm & bath rough-in & flexible space for exercise, office/playroom. Crafted w/an eye for beauty, it stands to excellence.
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
100' x 280'
Acreage
.50-1.99
Fronting
East
Taxes
$16,000 (2023)
Basement
Finished, Full
Exterior
Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain25.00' x 20.08'
DiningMain15.09' x 14.34'
KitchenMain16.67' x 20.67'
Prim BdrmMain18.24' x 13.09'5 Pc Ensuite
BrMain13.25' x 12.99'
BrMain11.09' x 12.66'
Loft2nd14.99' x 16.50'
Office2nd30.15' x 26.84'
RecBsmt29.27' x 43.57'
OtherBsmt16.34' x 16.77'
BrBsmt15.91' x 16.01'
OtherBsmt32.35' x 10.07'
Niagara-on-the-Lake Market Statistics
Niagara-on-the-Lake Price Trend
22 Melrose Dr is a 3-bedroom 3-bathroom home listed for sale at $3,298,000, which is $2,439,000 (283.9%) higher than the average sold price of $859,000 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 3 bedroom home in Niagara-on-the-Lake declined by $213,000 (19.9%) compared to the previous 30 day period (February 27 - March 27) and down $107,000 (11.1%) from the same time one year ago.
Inventory Change
There were 25 3-bedroom homes listed in Niagara-on-the-Lake over the last 30 days (March 28 - April 26), which is up 13.6% compared with the previous 30 day period (February 27 - March 27) and up 66.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara-on-the-Lake typically sold ($39,000) (4.5%) below asking price over the last 30 days (March 28 - April 26), which represents a $8,000 increase compared to the previous 30 day period (February 27 - March 27) and ($2,000) less 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 3-bedroom homes in Niagara-on-the-Lake over the last 30 days (March 28 - April 26) stood at 28.0%, up from 18.2% over the previous 30 days (February 27 - March 27) and up from 20.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Niagara-on-the-Lake stood at 13 days when successfully sold over the last 30 days (March 28 - April 26), compared to 71 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Niagara Realty Ltd.
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