305 Centre Street, Niagara-on-the-Lake, ON
L0S 1J0
Listed September 6, 2026
About this property
Centrally located in the heart of Old Town Niagara-on-the-Lake, the Cellar House offers a warm & inviting mid-century modern living experience. Set on a generous, beautifully maintained 70' x 140' lot, this charming side-split home includes an attached garage and 4 fully finished levels of living space. Featuring 3 +1 spacious bedrooms + 2 bathrooms, the home is move-in ready while also offering exciting potential for future expansion, subject to the Town's heritage bylaws. Adding to its appeal, the property comes with a short-term rental permit- a valuable opportunity as new permits are no longer being issued. Whether you're looking to enjoy the home yourself or hold it as an investment, this is a rare opportunity for the savvy buyer. Inside, bright and thoughtfully designed living spaces create a comfortable & welcoming atmosphere. The well-preserved kitchen showcases beautiful cherry wood cabinetry, while 3 generously sized bedrooms provide plenty of space for family and guests. Step outside to discover an expansive, private backyard designed for relaxation & entertaining. The outdoor space features a stone patio area, seven-person hot tub, and gas fireplace-perfect for enjoying quiet evenings or hosting friends and family. Just a short walk from the golf course, Queen Street's shops and restaurants, & the area's renowned wineries, the Cellar House offers an exceptional location for full-time living, a weekend getaway, or a revenue-generating investment property. Don't miss this rare opportunity to own your own piece of historic Niagara-on-the- lake!
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Property Details
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Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 305 Centre Street — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$239,000 · Minimum $94,500
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2025 tax bill).
Leave at $0 if there isn't one.
Typical for this kind of home.
Hydro, heating, water and sewer.
About 1% of the price a year, set aside.
One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$7,192/mo
About $86,304 a year
- $5,286
- $455
- Home insurance$125
- Utilities$330
- Maintenance & repairs$996
Cash needed to close
- Down payment (20%)
- $239,000
- Ontario land transfer tax
- $20,375
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $261,875
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
305 Centre Street, Niagara-on-the-Lake, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: September 6, 2026
Listing Office: SOUTHVALE REALTY INC.
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