59 SHAKESPEARE Avenue
Niagara-on-the-Lake, Ontario
MLS® 40869054
$1,199,000
- Status
- Active
- Property type
- Hospitality
- MLS® number
- 40869054
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1940
1 / 40Listing 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.
Property summary
- MLS® number
- 40869054
- Property type
- Hospitality
- Building type
- Recreational
- Size
- 2,100 sq ft
- Title
- Freehold
- Built in
- 1940
- Annual property taxes
- $4,534.10
- Parking
- 4 spaces
- Days on market
- 3 days
Features & details
- Basement
- Partial
- Exterior features
- Vinyl siding
- Lot features
- Crushed stone driveway
What would this home cost you?
Based on the $1,199,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of eXp Realty, Hamilton.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.