4 Meritage Lane

FOR SALE
$1,695,000
4 Meritage Lane, Niagara-on-the-Lake
4 Meritage Lane
4 Meritage Lane
4 Meritage Lane
4 Meritage Lane
4 Meritage Lane
4 Meritage Lane
4 Meritage Lane
4 Meritage Lane
4 Meritage Lane
4 Meritage Lane
4 Meritage Lane
4 Meritage Lane
4 Meritage Lane
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4 Meritage Lane
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4 Meritage Lane
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4 Meritage Lane
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4 Meritage Lane
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3 + 1
BEDROOMS
4
BATHROOMS
1
KITCHENS
7 + 3
ROOMS
X8202588
MLSID
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Property Description
Welcome to 4 Meritage Lane, nestled in a beautifully manicured lot in the most desirable Old Town of Niagara on the Lake. With approx. 3500 SF of high-end finished living space. Attention to detail can be felt throughout the whole home. Walk to Queen St, wineries, theatre and more. This 4 bed/4 bath home has a warm yet elegant feel. On the main floor you will find a large chefs kitchen with upscale appliances, quartz stone surfaces, stunning kitchen cupboards, a large island and dining area, plus a walk-out to the outdoor entertaining space. The kitchen is open to the great room including a beautiful stone fireplace as a gorgeous focal point. Also on this floor is a home office with large picture window facing the gardens. Upper level has all the upgrades you would like. 3 large bedrooms with W/I closets by a professional closet design comp. There are 2 full bathrooms and a large laundry room on this floor as well. The lower level is a multi-use area with a gym, family room with fireplace, full bathroom and bedroom. No expenses were spared for the outdoor space. Composite decking, pergola, stone pavers, lush gardens, BBQ area, chandelier lighting, privacy landscaping and much more.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-02-29 2024-04-04 35 $1,695,000 - Terminated
2024-02-29 2024-04-04 35 $1,695,000 - Terminated
Property Features
Cul De Sac, Golf, Park, Rec Centre
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
59' x 69'
Acreage
< .50
Fronting
East
Taxes
$6,859 (2023)
Basement
Finished, Full
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
FoyerMain10.60' x 20.83'
OfficeMain11.75' x 12.93'
DiningMain10.93' x 12.93'
LivingMain12.99' x 20.51'
KitchenMain11.75' x 18.57'
Prim Bdrm2nd13.85' x 16.99'
2nd Br2nd11.75' x 13.32'
3rd Br2nd11.75' x 13.75'
ExerciseBsmt12.01' x 13.85'
4th BrBsmt10.66' x 17.16'
FamilyBsmt12.99' x 20.51'
Laundry2nd5.74' x 7.91'
Niagara-on-the-Lake Market Statistics
Niagara-on-the-Lake Price Trend
4 Meritage Lane is a 3-bedroom 4-bathroom home listed for sale at $1,695,000, which is $740,500 (77.6%) higher than the average sold price of $954,500 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 3 bedroom home in Niagara-on-the-Lake declined by $117,500 (11.0%) compared to the previous 30 day period (February 29 - March 29) and down $328,500 (25.6%) from the same time one year ago.
Inventory Change
There were 25 3-bedroom homes listed in Niagara-on-the-Lake over the last 30 days (March 30 - April 28), which is up 19.0% compared with the previous 30 day period (February 29 - March 29) and up 108.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara-on-the-Lake typically sold ($39,450) (4.1%) below asking price over the last 30 days (March 30 - April 28), which represents a $7,550 increase compared to the previous 30 day period (February 29 - March 29) and ($1,000) 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 30 - April 28) stood at 32.0%, up from 19.0% over the previous 30 days (February 29 - March 29) and down from 33.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Niagara-on-the-Lake stood at 14 days when successfully sold over the last 30 days (March 30 - April 28), compared to 71 days before being removed from the market upon being suspended or terminated.
Listing contracted with Right At Home Realty
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