$859,900
24 Peachtree Lane
Niagara-on-the-Lake (Virgil), Ontario
3bed3bath
RE/MAX NIAGARA REALTY LTD, BROKERAGE
MLS® X13547428
condo in Niagara-On-The-Lake (Virgil)
Browse 9 active listings
Market Analysis
In the vibrant community of Virgil within Niagara-On-The-Lake, prospective condo buyers predominantly include young professionals, retirees seeking a serene lifestyle, and families desiring proximity to quality educational institutions. The competitive market, characterized by limited supply, attracts buyers looking for both primary residences and vacation properties. With its picturesque surroundings and strong sense of community, residents enjoy a lifestyle that balances relaxation with recreational activities. The historical charm of the area, combined with a range of amenities, appeals to those who prioritize both leisure and convenience in their living arrangements.
Price Insights
In Virgil, the segment under $1,000,000 offers a spectrum of condo options that cater to various needs and preferences. Buyers can expect to find one- to three-bedroom condos with prices averaging around $722,950 and a median price of $742,400. For instance, a well-appointed two-bedroom condo on Concession Road may feature modern finishes and access to communal amenities such as a pool and fitness center, while a larger unit on York Road could include expansive views and additional living space. This price point allows buyers to invest in quality housing without compromising on location or lifestyle benefits.
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About This Property Type
Condos in Niagara-On-The-Lake (Virgil) are distinguished by their modern design and community-oriented features. Many developments, such as those along Niagara Stone Road, offer contemporary layouts and energy-efficient systems, appealing to environmentally conscious buyers. These condos often include amenities like private balconies, shared lounges, and fitness facilities, creating a social environment for residents. With options ranging from intimate complexes to larger buildings, buyers can choose a condo that aligns with their lifestyle, whether it's a cozy retreat for retirees or a spacious unit for families enjoying the area's abundant recreational opportunities.
Location Highlights
Virgil is a hidden gem in Niagara-On-The-Lake, situated just minutes from the picturesque Lake Ontario and its scenic parks, such as the popular Queenston Heights Park. The charming downtown area is home to local boutiques, fine dining establishments like the Pillar and Post, and a vibrant farmers' market that draws residents every season. With easy access to the Niagara Wine Route and nearby attractions like the Shaw Festival, residents can immerse themselves in culture and leisure. Excellent schools like Virgil Public School and community services further enhance the appeal for families, making this a desirable place to call home.
Investment Advice
Investing in a condo in Niagara-On-The-Lake (Virgil) is a smart decision, especially given the area's limited housing supply and steady demand. As the region continues to develop and attract visitors year-round, property values are likely to appreciate. For investors, the rental market is thriving, driven by seasonal tourism and long-term tenants seeking a peaceful lifestyle. Additionally, the proximity to local wineries and recreational activities makes it an attractive option for short-term rentals, further increasing potential returns. By purchasing in this competitive market, buyers can secure a valuable asset while enjoying the many lifestyle benefits that Virgil offers.
Buying Tips
For those considering a condo purchase in Virgil, it's essential to be well-informed and prepared to act promptly due to the competitive nature of the market. Start by getting pre-approved for a mortgage to streamline the buying process. Focus on researching specific neighborhoods like the York Road area, known for its family-friendly atmosphere and accessibility to amenities. Attend open houses to get a feel for the available options and identify which features are most important to you. Additionally, consider working with a local real estate agent who understands the intricacies of the Niagara-On-The-Lake market and can provide valuable insights and guidance throughout your buying journey.
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Frequently Asked Questions About Niagara-On-The-Lake (Virgil)
How many condos are for sale in Niagara-On-The-Lake (Virgil)?
There are currently 9 condos listed for sale in Niagara-On-The-Lake (Virgil) on this site. Listings are updated multiple times per day from CREA's DDF®.
How often are condo listings updated in Niagara-On-The-Lake (Virgil)?
Listings on this page are updated multiple times per day directly from CREA's DDF® (Data Distribution Facility). New listings typically appear within minutes of being added to the MLS® system.
What bedroom sizes are available for condos in Niagara-On-The-Lake (Virgil)?
Condos in Niagara-On-The-Lake (Virgil) are available in 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom configurations. Use the sidebar links to browse by bedroom count.