642 PENNER Road, Niagara-on-the-Lake

$678,900
642 PENNER Road

$678,900

New
18d
Detached1 1/2 Storey

642 PENNER Road, Niagara-on-the-Lake

Total Monthly Obligation $3,412

Beds
4
Baths
2
Park
6
Sqft
1100-1500
DOM
18d
Yield
4.4%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.6%
Property Type-Detached
MLS® Number-X13864134
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-62 × 200 ft
Listed on site-Oct 5, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$3,587 (2026)
Parking-7 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-BOLDT REALTY INC., BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-immediate
Neighbourhood-108 - Virgil
Title-Residential Freehold

No agent assigned

Welcome to this beautifully renovated 3+1 bedroom home in the heart of Virgil, perfectly situated on a picturesque -acre lot just steps from schools, restaurants, shopping, and other everyday amenities.Designed for both comfortable living and entertaining, the impressive 200-foot-deep backyard features a deck, concrete patio and, large covered outdoor bar, creating the perfect setting for summer gatherings with family and friends.Inside, you'll find a bright, open-concept main floor featuring an updated kitchen, spacious living and dining areas, a convenient powder room, and a private primary suite complete with a walk-in closet and ensuite. Upstairs offers two additional bedrooms, ideal for a growing family. The fully finished basement provides additional living space, a fourth bedroom, and a full bathroom with laundry, offering flexibility for families, guests, or a home office.Currently operating as a licensed short-term rental, this property presents an excellent opportunity for investors seeking an established income-producing property or buyers looking for a home with added revenue potential. Move-in ready and situated in one of Niagara-on-the-Lake's most desirable communities, this a rare opportunity you wont want to miss.

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Closing Costs

Mortgage Amount
$543,120
Land Transfer Taxes$10,053
Legal Fees (Est.)
$
Total cash required for closing$147,333

Total Monthly Obligation

$3,412/mo
Mortgage $2,738
Monthly Loss $2,692
Principal$721
Interest$2,018
Property Tax$299
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 642 PENNER Road

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