17 Mills Lane, Niagara-on-the-Lake

$1,059,000
17 Mills Lane

$1,059,000

New
15d
Condo TownhouseBungalow

17 Mills Lane, Niagara-on-the-Lake

Total Monthly Obligation $5,261

Bed+Den
3+1
Baths
3
Park
2
Sqft
1400-1599
DOM
15d
Score
15
Yield
3.1%
Cash on Cash
-11.8%
Cap Rate
2.0%
5Y IRR
6.3%
10Y IRR
7.4%
Property Type-Condo Townhouse
MLS® Number-X13877294
Bed+Den-3+1
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 8, 2026
Style-Bungalow
Building Type-Condo Townhouse
Taxes-$6,290.59 (2026)
Maintenance-$265/mo
Locker-None
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-BOSLEY REAL ESTATE LTD.,
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Exterior-Stucco (Plaster)
Roof-Asphalt Shingle
Possession-Flexible
Neighbourhood-105 - St. Davids
Title-Residential Condo & Other

No agent assigned

Nestled at the base of the Escarpment in idyllic St. David's, 17 Mills Lane represents stylish low-maintenance living in the heart of Wine Country. Steps to Ravine Estate Vineyard, hiking trails, and restaurants, this end unit townhome was designed with intentionality. The open concept floor plan will appeal to those seeking an elevated lifestyle; A quartz center island with custom lighting is the focal point of the designer kitchen, featuring soaring ceilings at the center of the home. Premium appliances, double wall oven, and custom kitchen cabinetry offer a sleek modern aesthetic while ensuring ample storage and functionality. Oversized doors, and luxurious finishes speckle the home. With 2 main floor bedrooms, and an additional guest suite, recreation room, flex space and spa bath on the lower level, this layout is suitable for a variety of functions. The Primary bedroom at the rear of the home overlooks the large rear yard and features tray ceilings, a private ensuite, adjoining laundry and a well appointed custom closet giving the space retreat-like vibes. While sunlight teems through the front bedroom windows at the other side of the home, attention to detail is evident at every turn; transom windows, oversized doors with custom hardware, custom lighting and tile, with unique upgrades too numerous to list. A living room fireplace and an open concept dining area with french doors to the covered patio area beyond, complement the main level. With a unique orientation offering privacy and additional outdoor space for entertaining, this bright end unit is set apart from the rest. A double car garage, reputable Bythwood Homes construction, and a location that is central to the shops and amenities of Old Town Niagara-on-the-Lake, 17 Mills Lane is the right fit for those seeking elegant sophistication in arguably one of the most desirable pockets of Niagara-on-the-Lake.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$847,200
Land Transfer Taxes$17,655
Legal Fees (Est.)
$
Total cash required for closing$230,955

Total Monthly Obligation

$5,261/mo
Mortgage $4,272
Monthly Loss $4,137
Principal$1,124
Interest$3,148
Property Tax$524
Condo Fees$265
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.7%10
Cash-on-Cash
-14.8%0
5-Year IRR
4.0%8
10-Year IRR
6.0%
Returns Index
5.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$32,652/yr
NOI
$17,516/yr
Net Cash Flow
-$2,812/mo
Cash Margin
-103.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.343
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
16.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 17 Mills Lane

Time

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