$1,199,000 Sale

Listed 6 days ago

59 SHAKESPEARE Avenue

MLS® 40869054 Hospitality

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Beds · 0

Baths · 0.0

Parking · 4

Sqft · 2100

Est. mortgage

$4,549/mo

Key Facts

Key facts for 59 SHAKESPEARE Avenue

Property Type

Commercial

Parking

Garage: No, 4 parking

MLS #

40869054

Size

2100 sqft

Basement

Partial

Listed on

Lot size

Tax

Days on Market

Year Built

1940

Maintenance Fee

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. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

2100 sqft

Basement

Partial

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

2100 sqft

Basement

Partial

Full Bathrooms

Half Bathrooms

Exterior

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Zoning Description

Land Amenities

Airport

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Zoning Description

Land Amenities

Airport

Building Description

Home Type

Commercial

Subtype

Hospitality

Year Built

1940

Exterior

Vinyl siding

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Commercial

Subtype

Hospitality

Year Built

1940

Exterior

Vinyl siding

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

N/A

Area Code

Niagara-on-the-Lake

Community

N/A

Area Code

Niagara-on-the-Lake

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Carol Devine

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