59 Shakespeare Avenue Niagara-on-the-lake, ON L0S 1J0
2,100 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $570
MLS Listing ID 40869054
Abv Grd Liv Area 2,100
Year Built 1940
Annual Tax Amount $4,534
Property Sub-Type Building and Land
Source Cornerstone
Property Description
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.
Location
Province ON
County Niagara
Area Niagara-On-The-Lake
Zoning R1
Direction Lakeshore Road, left on Shakespeare
Rooms
Basement Partial
Kitchen 0
Interior
Fireplace No
Exterior
Parking Features Gravel
Utilities Available Electricity Connected, Natural Gas Connected
Waterfront Description Lake
Lot Frontage 57.5
Lot Depth 126.91
Garage No
Building
Lot Description Irregular Lot, Airport
Faces Lakeshore Road, left on Shakespeare
Story 3
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 463940050
Ownership Freehold/None
LOCATION