129 JOHNSON St, Niagara-on-the-Lake, L0S 1J0

Home Overview

Description

PRIME OLD TOWN LOCATION WITH INCOME-GENERATING APARTMENT. Now attractively priced and positioned to sell. This 4-bed, 4-bath character home located just steps from Queen Street, offers a unique combination of lifestyle and investment potential. A fully legalized self-contained apartment above the garage provides income potential of $1,600/month. At a 6% cap rate, this suite alone is valued at $320,000, effectively pricing the main residence at just $1,330,000. Exceptional value for this location, size, and flexibility. The main home features timeless 1890s charm blended with modern updates and over 3,400 sq ft of living. Enjoy a finished basement, 2-car garage, and a breezeway connecting the apartment, while maintaining full privacy with separate entrance, laundry, utilities; heat/AC, and hot water tank. Whether you're hosting family and friends' weekends, strolling to Shaw Theatre and local cafés and restaurants, or welcoming guests or tenants into the fully renovated bachelor apartment, this address delivers both charm and cash flow. This is a rare opportunity to own a heritage-style property that offers both financial return and the Niagara lifestyle at its finest. Offers welcome anytime.

31 days

On Market

Detached

Property Type

$9,642 / Year

Est. Taxes

2-Storey

Style

Attached

Garage

Finished

Basement