4 Meritage Lane

FOR SALE
$1,654,900
4 Meritage Lane, Niagara-on-the-Lake
4 Meritage Lane
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3 + 1
BEDROOMS
4
BATHROOMS
1
KITCHENS
7
ROOMS
X9297076
MLSID
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Property Description
PRIVATE LUXURY ENCLAVE ... Nestled at 4 Meritage Lane in Niagara-on-the-Lake, find this fully finished, 3 + 1 bedRm, 4 bath, 2500+ sq ft LUXURY HOME just minutes from Historic Old Town. Close to Community Centre, theatres, spas, wineries, restaurants, museums, quaint shops, golf clubs & MORE! Soaring ceilings & gleaming maple floors throughout OPEN CONCEPT main level flood the home w/natural light. Double French doors lead into den from welcoming foyer. GOURMET KITCHEN features beautiful cabinetry w/crown & valance, QUARTZ counters, breakfast bar island w/BEVERAGE FRIDGE, pendant lights, UPGRADED appliances, and opens to dining area BOTH w/French doors to access back yard! Beautifully landscaped yard boasts TREX deck w/pergola (& shades), interlock patio, wrought iron fence, stone walking path, lush gardens, Douglas Fir posts, gas BBQ hookup, PLUS a PUTTING GREEN! Spacious living room offers a gas fireplace w/stone surround, crown moulding & OVERSIZED, transom windows. Wooden stairs lead to UPPER LEVEL featuring primary bedRm w/WI closet w/CUSTOM ORGANIZERS, luxurious, SPA-LIKE 5-pc ensuite w/soaker tub, glass shower, granite counters & DBL vanity + 2 more bedRms, full bath w/granite counter & sitting area. FULLY FIN'D lower level offers an XL bedRm suite w/livRm, fireplace & BI walk-in closet under stairs, 3-pc bath w/heated floors & towel rack, exercise room & storage. Interlock brick drive to DBL garage w/IE. CLICK ON MULTIMEDIA for virtual tours & more.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-08-01 2024-09-03 33 $1,659,900 - Terminated
2024-06-12 2024-08-01 50 $1,674,900 - Terminated
2024-04-04 2024-05-30 56 $1,694,995 - Terminated
2024-02-29 2024-04-04 35 $1,695,000 - Terminated
2024-02-29 2024-04-04 35 $1,695,000 - Terminated
Property Features
Arts Centre, Cul De Sac, Golf, Marina, Place Of Worship, Rec Centre
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
59' x 69'
Acreage
< .50
Fronting
West
Taxes
$6,859 (2024)
Basement
Finished, Full
Exterior
Brick Front, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
DenMain12.99' x 11.52'French Doors
KitchenMain18.34' x 11.42'W/O To Deck, French Doors, Quartz Counter
DiningMain12.93' x 11.15'W/O To Deck, French Doors
LivingMain13.16' x 19.85'Gas Fireplace
Prim Bdrm2nd16.99' x 13.68'W/I Closet, 5 Pc Ensuite
2nd Br2nd13.09' x 11.52'
3rd Br2nd13.58' x 11.52'
Laundry2nd5.91' x 8.01'
4th BrBsmt12.07' x 31.43'Electric Fireplace
ExerciseBsmt13.68' x 8.23'
UtilityBsmt5.74' x 11.25'
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 $1,654,900, which is $643,591 (63.6%) higher than the average sold price of $1,011,309 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 3 bedroom home in Niagara-on-the-Lake declined by $6,881 (0.7%) compared to the previous 30 day period (July 22 - August 20) and down $293,691 (22.5%) from the same time one year ago.
Inventory Change
There were 13 3-bedroom homes listed in Niagara-on-the-Lake over the last 30 days (August 21 - September 19), which is down 18.8% compared with the previous 30 day period (July 22 - August 20) and up 18.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara-on-the-Lake typically sold ($46,378) (4.6%) below asking price over the last 30 days (August 21 - September 19), which represents a $150 decrease compared to the previous 30 day period (July 22 - August 20) and ($47,500) 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 3-bedroom homes in Niagara-on-the-Lake over the last 30 days (August 21 - September 19) stood at 969.2%, down from 1,512.5% over the previous 30 days (July 22 - August 20) and up from 45.5% 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 31 days when successfully sold over the last 30 days (August 21 - September 19), compared to 36 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Escarpment Realty Inc.,
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