Estimated reading time: 3 minutes
The Region of Niagara is comprised of twelve municipalities in Southern Ontario. Each municipality represents a unique combination of agricultural, commercial, industrial, multi-residential, and hospitality opportunities. As part of an ongoing series, I have been presenting a market snapshot of significant areas within the Niagara Region.
Today, I will be presenting a market snapshot of Niagara-on-the-Lake (NOTL). The Town is comprised of five smaller communities and represents a strong sector of the agricultural and tourism market for Niagara. There have recently been significant developments, both in the residential and commercial sectors, and the area continues to development and grow.
Strong markets
The Town is located between Niagara Falls and St. Catharines and is comprised of five smaller communities: Virgil, Queenston, St. Davids, and the Heritage District. The area is rich with agricultural land and is known for its wine production. It also contributes largely to the Niagara Region's strong tourism market, as the Town welcomes more than 3 million tourists annually. Tourism and agriculture remain the key growth for the area. There is also an emerging agritourism market that is combining and strengthening both markets.
Transportation
The area also has several types of inter-modal transportation. This includes the Welland Canal, Highway 406 & QEW, rail, and the Niagara-on-the-Lake airport.
Much like other municipalities within the Niagara Region, NOTL is afforded excellent access to the United States through two border bridges: the Queenston-Lewiston Bridge and the Rainbow Bridge. The Queenston-Lewiston Bridge is located within NOTL, while the Rainbow Bridge is located within Niagara Falls, a short distance away.
Significant Developments
The Town of Niagara-on-the-Lake is a prime location for developers, as the Town has an abundance of residential, commercial, and industrial uses throughout. Recently there has been significant developements in both the residential and commercial sectors. Learn more about the developments:
- Industrial and commercial growth in the area
- Commercial growth in St. Davids
- Residential developments in NOTL
- Why commercial developers are looking to invest in Niagara
Connect with an appraiser to determine the value
Looking to invest in Niagara-on-the-Lake to finance a property? Connect with a Niagara real estate appraiser today to discover the value of your property in the Niagara Region.
