305 Centre Street Niagara-On-The-Lake, Ontario L0S 1J0

$1,198,000

Step into The Cellar House, a beautiful mid-century modern residence in the heart of Old Town Niagara-on-the-Lake that blends classic character with comfortable living. Situated on a generous 70' x 140' lot that is walking distance to town, this property offers a rare opportunity for investors, developers, or end users. This four-bedroom, two-bathroom home with a garage sits on a well-kept lot, offering potential for future expansion under the Town's heritage bylaws. As well, a short-term rental permit - no longer being issued by the Town - with transferable assets & equity for savvy investors looking to cover costs. Inside, every floor of this side-split is fully-finished, maximizing living and entertainment space. Original wood floors run throughout the main floor of the home, while a gas fireplace adds warmth and character to the downstairs living area, and a speakeasy-themed room adds an inviting retreat on the lowest level. Outside, enjoy a private yard with a 7-person hot tub and extensive stone patio for outdoor seating or dining, alongside a spacious, standalone shed for storage. This multi-generational home offers exceptional flexibility and income potential, ideal for full-time living, a weekend retreat, or a rental opportunity. This is a rare opportunity to own a piece of Niagara-on-the-Lake's history, with timeless character and modern convenience just steps from the shops, dining, and charm of Old Town. (id:50886)

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https://www.realtor.ca/real-estate/28441330/305-centre-street-niagara-on-the-lake-town-101-town