Niagara-on-the-Lake house sells for $257,000 less than asking price


Published March 28, 2022 at 1:40 pm

While Niagara Region’s housing market is climbing much the same as others in the GTA, there are still bargains to be had on rare occasion.

A 2,880 square foot house in Niagara-on-the-Lake that was originally list at just over $2 million sold earlier this year at more than $250,000 under the original asking price.

When it originally went onto the market in August 2021, the asking price was $2,095,000. It was pulled off the market and put back on for $1,895,000 in September – a drop of $200,000. It was later pulled back off the market at the end of last year.

Late in January, it went back on the market with the $1,895,000 price-tag intact and finally closed for $1,838,000 on a week into February – $257,000 less than the original asking price.

When you’re talking about numbers that large, it doesn’t seem like a big deal. However, that actually represents the property sold for 12.25 per cent under the amount for which it originally listed.

The property, located at 50 Harmony Dr in an upscale area’s quiet cul-de-sac, offered five plus one bedrooms, four bathrooms with the main floor showcasing a bright separate family room overlooking the pool, large country kitchen/dining, vaulted ceilings, a luxurious great room with fireplace and exceptionally scenic views of the private backyard, vineyards beyond and impressive Wineries.

The main floor also allows for an den/bedroom (the plus one) with a privileged ensuite. Upstairs offers three comfortable light filled bedrooms and a stunning master suite.

The fully finished basement presents an office, recreation room with fireplace and wet bar, full bathroom, bedroom ample storage and cold cellar.

The appeal continued outside with a retreat-like exterior providing a tranquil setting with a splendid patio for entertaining, large pool, manicured grounds, irrigation system, two car attached garage and triple wide drive.

The 2021 tax bill was a very reasonable $7,970 for a house that impressive just minutes from wineries, walking and biking trails, main street shops, restaurants and theaters.

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