59 Shakespeare Avenue,Niagara-on-the-Lake, ON L0S 1J0
Niagara-on-the-Lake, ON L0S 1J0
Description
Established hospitality income property in one of Ontario's top tourism markets, offered with three years of operating statements. Currently operating as a licensed Short Term Rental - Airbnb. Turnkey short-term rental with three full years of documented operating history in Old Town Niagara-on-the-Lake. This licensed, professionally managed 4-bedroom, 2-bath home with a private inground pool has produced six-figure gross revenue every year since 2023, with steady occupancy and tightly controlled operating costs. Year-end P&L statements for 2023 to 2025 are available to qualified buyers through their Realtor.* Why it performs: a central location minutes from Old Town's shops, theatres, lakefront, marina and golf; a private pool that commands premium summer rates; and a design-forward interior that earns consistent 5-star reviews. Furniture, decor and artwork are negotiable, so a buyer can keep bookings running from day one.* Most of the capital work is already done: furnace and components (2019/2023), sump pump with battery backup (2023), new sewer line (2023), whole-home dehumidifier (2024), new range, sink, dishwasher, BBQ and pool cover (2025), and in 2026 new countertops, backsplash, deck, exterior door, vanity, window, tiled foyer, refinished hardwood, full landscaping and two large trees removed. Roof 2014.* Flexible strategy: continue as a short-term rental, shift to mid-term furnished stays, or hold as a personal residence with income potential.* Please note: the STR licence does not transfer. Buyers may apply to the Town of Niagara-on-the-Lake once the deal is firm. HST may apply to this sale; buyers should consult a tax professional. Owner is flexible on closing.
Details
| MLS # | 40869054 |
|---|---|
| Listing Type | For Sale |
| Style | Hotel/motel |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 29 |
| Listing Provided By | eXp Realty | Melissa Vass Scott |
Features
| SQ Feet | 2,100 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Zoning | R1 |
| Acreage | 0.17 |
| Water Front | Yes |
Interior
| Cooling Yes / No | No |
|---|
Exterior
| Lot Features | Irregular Lot, Airport |
|---|---|
| Construction Materials | Vinyl Siding |
| Foundation Details | Concrete Block |
| Waterfront Features | Lake |
Parking
| Garage Spaces | 0 |
|---|---|
| Parking Features | Gravel |
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Sewer (Municipal) |
Taxes
| Tax Annual Amount | 4534.1 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | Niagara-on-the-Lake |
| Postal Code | L0S 1J0 |
| Area | Niagara on the Lake |
| Subarea | 101 Town |
| Community Name | 101 Town |
| Listing VS Median (in 101 Town) | |
Price: $1,199,000 low | high Med: $1,174,500 sqft: 2,100 low | high Med: 2,154 $ / sqft: $571 low | high Med: $546 On site: 29 low | high Med: 19 | |
Market Activity L0S 1J0
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | Niagara-on-the-Lake |
| Postal Code | L0S 1J0 |
| Area | Niagara on the Lake |
| Subarea | 101 Town |
| Community Name | 101 Town |
| Listing VS Median (in 101 Town) | |
Price: $1,199,000 low | high Med: $1,174,500 sqft: 2,100 low | high Med: 2,154 $ / sqft: $571 low | high Med: $546 On site: 29 low | high Med: 19 | |
