HN
639 Penner Street, Niagara-on-the-Lake, ON L0S 1T0, Niagara-on-the-Lake, ON
+7 photos
$699,000

639 Penner Street, Niagara-on-the-Lake, ON L0S 1T0, Niagara-on-the-Lake, ON

Niagara-on-the-Lake, ON L0S 1T0
3 beds 1 bath Detached

About this home

Nestled in the heart of Virgil, this stunning side-split home sits on a spacious 70 x 290 lot. A large driveway welcomes you, offering plenty of room for all your vehicles. Inside, the country kitchen and dinette are bathed in natural light from expansive windows. The living room features a cozy wood fireplace and a door leading to the back patio. The first bedroom is conveniently located off the main hallway on the main level. Just three steps up, you'll find the bathroom and two additional bedrooms. The partial basement includes utilities, laundry, storage, and a door leading to a walk-up outside. Out back, a covered porch overlooks the expansive yard and creek, providing a serene retreat. This 10/10 location is the perfect place to call home! As a bonus, this property is a licensed Airbnb, offering great investment potential on top of its charm.

Property Score

63/ 100
Overall Property Score
good

A blend of both buyer and investor metrics.

Score breakdown
Walkability
55/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
50/100fair
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
50% of city avgexcellent
Priced below Niagara-on-the-Lake's average of $1,395,000.
Appreciation Trend
+1.2%/yrgood
Niagara-on-the-Lake has seen +1.2% YoY price change.
Monthly Cash Flow
-$1,213/mopoor
Estimated -$1,213/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
3.53%good
Net operating income divided by purchase price.
Basement Suite Potential
Buildablegreat
Strong potential for a legal basement suite - could add ~$1,980/mo.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13003688
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.

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