50 MELROSE Dr
Niagara-on-the-Lake, L0S 1J0
FOR SALE
$1,999,999
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3 + 2
BEDROOMS3
BATHROOMS1
KITCHENS10 + 5
ROOMSX9252328
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Property Description
Welcome to this incredible property, perched atop the escarpment, located on a tranquil cul-de-sac in prestigious Bevan Heights. Offering panoramic views of the escarpment and ravine with no rear neighbors, this is your very own private oasis. The home is perfectly situated to provide breathtaking vistas and a peaceful environment, making it an ideal retreat from the hustle and bustle of everyday life.Nestled on a spacious lot measuring an impressive 103 x 267 feet, this property offers the perfect blend of suburban living and accessibility. Whether youre looking to enjoy quiet evenings surrounded by nature or entertain guests in a picturesque setting, this home provides the ideal backdrop.Step inside to discover a residence that exudes potential and charm. The unique design of the home presents an exciting canvas for architectural exploration, allowing you to tailor the space to your personal taste and lifestyle. Expansive windows flood the interior with natural light, highlighting the open-concept layout and seamless flow from room to room. The main living areas offer ample space for relaxation and entertainment, while the bedrooms provide a serene retreat with stunning views. The large backyard is perfect for outdoor activities, gardening, or simply unwinding in your own slice of paradise.This property is not just a home; its a lifestyle. Imagine waking up to the beauty of the escarpment, enjoying your morning coffee on the patio while taking in the panoramic views, and ending your day with a sunset that paints the sky in vibrant hues. The opportunities here are truly endless.Conveniently located close to top-rated schools, shopping centers, Hospitals, and major highway, this property offers both tranquility and accessibility. Dont miss out on the chance to own a piece of paradise in one of the most sought-after neighborhoods. Schedule your private tour today and experience the potential and beauty this exceptional property has to offer.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2023-06-16 | 2023-07-18 | 32 | $2,225,000 | - | Terminated |
| 2023-07-19 | 2023-08-11 | 23 | $2,225,000 | - | Terminated |
| 2023-08-10 | 2023-10-17 | 68 | $2,225,000 | - | Terminated |
| 2023-10-17 | 2023-12-13 | 57 | $1,999,990 | - | Terminated |
| 2024-01-25 | 2024-03-22 | 57 | $1,999,999 | - | Terminated |
| 2020-09-03 | 2021-01-31 | 164 | $1,299,000 | - | Expired |
| 2020-06-19 | 2020-08-05 | 47 | $1,297,701 | - | Terminated |
| 2020-03-18 | 2020-06-19 | 93 | $1,344,701 | - | Terminated |
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Property Details
Street
Property Type
Detached, Bungalow
Lot Size
103' x 268'
Acreage
.50-1.99
Fronting
East
Taxes
$7,300 (2023)
Basement
Full
Exterior
Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Pvt Double
Garage Type
Attached
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Niagara-on-the-Lake Market Statistics
Niagara-on-the-Lake Price Trend
50 MELROSE Dr is a 3-bedroom 3-bathroom home listed for sale at $1,999,999, which is $988,690 (97.8%) 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 3-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 Niagara Realty Ltd.
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