Niagara-on-the-Lake House Prices

Niagara-on-the-Lake House Prices

niagara on the lake house prices - vineyard

The information herein is meant to provide a snapshot of typical Niagara-on-the-Lake house prices, including property type, square footage and number of bedrooms and bathrooms. Information is based on data as of October 6, 2019 and is provided for illustrative purposes only. As data is derived from listing prices it may not be indicative of sales prices.

Niagara-on-the-Lake House Prices

For those interested in buying a vacation home, Niagara-on-the-Lake presents a compelling option. Typical Niagara-on-the-Lake house prices include:

  • $500,000  buys a townhouse comprised of three bedrooms and 2.5 bathrooms.
  • $750,000 will get you a three bedroom, 2.5 bathroom house covering approximately 1,481 square feet.
  • $1,000,000 affords a four bedroom, four bathroom house covering approximately 2,161 square feet.

In order to break into the waterfront housing market in Niagara-on-the-Lake, you will need approximately $1.5 million, which buys a waterfront house comprised of three bedrooms and 2.5 bathrooms covering 1,942 square feet.

Short term rentals within the Town of Niagara-on-the-Lake are permitted with a valid license to operate. Be sure to also check local zoning or strata rules for each particular property.

If you would like more information on Niagara-on-the-Lake house prices, or vacation property prices in Canada’s other top vacation and recreational destinations, be sure to launch our interactive map to see what $500,000 to $1 million+ buys.

Niagara-on-the-Lake Profile

Located where the Niagara River and Lake Ontario meet and less than 30 minutes from Niagara Falls, Niagara on the Lake, Ontario (or “NOTL” as the locals call it) is popular among tourists, retirees and day trippers.

Shopping, wine tasting and tours to Niagara Falls are all popular activities as is the colonial-style architecture. NOTL also plays host to many festivals throughout the year which draws both locals and tourists to the lakeside community. Only an hour and a half drive from Toronto, NOTL will remain a popular place to purchase real estate. Relevant data includes:

  • Closest major city: Toronto (129 km)
  • Population: 17,500*
  • Median age: 57.1*
  • Median household income: $89,914*
  • 2019 average sale price: $809,000^
  • 2019/2018 Price (%): 7.7%^

*Source: Statistics Canada. 2016 Census. ^ THEbTeam. Niagara Real Estate Report: First Half of 2019