- Tax: $4,566 (2018)
- Community:107 - Glendale
- Style:Detached (2-Storey)
- Basement:Full (Finished)
- Garage:Detached (2 Spaces)
- Age:16-30 Years Old
Located in Ontario's wine country, this beautiful home provides a $71,000+ net operating income and an impressive 7.9% cap rate!
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This detached 2-storey home is currently operated as a successful bed and breakfast (Wine on the 1st) with additional student rental income potential. The current owners are experienced local bed and breakfast operators with years of experience. Completely renovated from top to bottom, this modern home features 4+4 bedrooms, 5 full bathrooms, and 2 kitchens. The massive master bedroom is complete with a walk-in closet, breathtaking vineyard and Niagara Escarpment views, ensuite with double vanity, heart-shaped tub, and a large stand-up shower. The lower level includes a very large cold cellar perfect for a custom wine cellar/tasting room. The backyard features garden beds, a recently completed flagstone patio, and a detached 2-car garage.
This large corner lot home is located next to the Royal Niagara Golf Club and minutes from White Oaks Outlet Mall, White Oaks Conference Resort & Spa, and the Niagara College (Niagara-on-the-Lake Campus). A short drive to all that Niagara-on-the-Lake wine country has to offer, downtown Niagara-on-the-Lake, St. Catharines/Port Dalhousie, and Niagara Falls. Prospective Toronto owners can fly in from Billy Bishop to the Niagara District Airport in 12 minutes for less than $100 or drive only 1.5 hours from downtown Toronto. Also accessible from Toronto and the GTA by GO Transit services. The seller and seller’s agent do not warrant the legality or retrofit status of basement bedrooms.
All bed and breakfast furnishings and supplies are included (valued at $20,000+). Over $15,000 has been spent in additional upgrades since renovation.
A home inspection report is available upon request.
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