Bungalow with Hot Tub on Oversized Lot in Niagara-on-the-Lake

Property details for 62 Millpond Road, Niagara On The Lake

Type: Residential
Style: Bungalow
Bedrooms: 5
Bathrooms: 3
Lot Size: 51.2 x 123.1 FT
Stories: 1
Basement: Full
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Stone, Stucco
Ownership: Freehold
Annual Taxes: $8,373

This 4,000 sq ft bungalow on a 51x123 foot lot is the one you actually want to tour. The main floor has 2,100 sq ft with 5 beds and 3 baths total. Vaulted ceiling in one bedroom, quartz countertops everywhere, and a floor-to-ceiling butler's pantry that's genuinely impressive. Both fireplaces are gas. The finished basement adds a rec room, 3 beds, and a full bath. Outside there's $100K in landscaping plus an irrigation system and an 11-foot hot tub with retractable privacy screens. Also a Generac generator, a sunroom, and a double garage with polished concrete floors. No rear neighbours and nice views. Priced at $1,595,000, well below the $1.65M median around here. This place has been on market 44 days, but similar homes sold in 3 days. Near Willowbank school and Queenston Heights Park.

About 62 Millpond Road, Niagara On The Lake — Property Score

Great Location

Score: 62/100

Value

Priced 10% above area median of $1,449,900 based on 65 comparable properties nearby 55

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - 1 more than similarly priced 4-bedroom homes nearby 72

3 bathrooms - typical for similarly priced properties 60

6,303 sqft lot - a generous lot for the area 78

Location

$92K median household income - above the Canadian average of $70K 76

86% of residents hold postsecondary credentials - a highly educated neighbourhood 93

93% homeownership rate - indicating a stable, owner-occupied community 95

79% of residents commute under 30 minutes - excellent commuter accessibility 94

138/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 43 days on market 100

-16.3% median price change over 1 month - declining prices in the area 1

45 months of housing supply - 135 active listings with 3 sold last month (buyer's market) 40

Features

4-car garage - area average is 6.9 spots 95

Full basement 55

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

2 fireplaces - a desirable feature for Canadian winters 85

No premium extras like pool, waterfront, or view 50

Investment

0.52% effective tax rate ($8,373/yr) - very low tax burden 84

-52.1% area price change year-over-year - significant price correction in Niagara On The Lake 1

8% renter population - primarily owner-occupied area 40

Quality

Condition

Listing

47 photos provided - 21% more than the area average of 39 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.