$699,000
42 Loretta Drive, Niagara-on-the-Lake, ON L0S 1T0
Virgil
Listing courtesy of ROYAL LEPAGE NRC REALTY
Virgil · L0S 1T0
$625,000
$893 / sq ft1 weeks on market
Rare Licensed STR in Niagara-on-the-Lake Licensed short-term rental opportunity in the heart of Niagara-on-the-Lake, offering a rare turnkey advantage in one of Ontario's most tightly regulated STR markets. This detached single-family home already holds a valid short-term rental license with the Town of Niagara-on-the-Lake, allowing the next owner to continue operating immediately without licensing uncertainty - a significant and increasingly scarce asset. Ideally located at the prominent corner of Four Mile Creek Road and Niagara Stone Road, the property enjoys excellent exposure and accessibility, just minutes from Old Town NOTL and directly within the village of Virgil, surrounded by world-class wineries, acclaimed restaurants, cycling routes, and Niagara's most iconic tourist destinations. The property has a proven income history, generating over $50,000 in gross annual revenue, supported by strong year-round tourism demand and an unbeatable location. The detached layout and functional interior provide exceptional flexibility, making the home equally well suited as a full-time residence, a vacation property, or a turnkey income-producing short-term rental. With ample parking, inviting indoor and outdoor living spaces, and year-round appeal, this is a rare opportunity to own a versatile, licensed property offering income stability and lifestyle value in one of Niagara-on-the-Lake's most sought-after markets.
7 rooms. Dimensions as published by the listing brokerage.
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Kitchen | Main | 2.13 × 1.70 m7.0 × 5.6 ft | — |
| Dining Room | Main | 3.05 × 3.00 m10.0 × 9.8 ft | — |
| Living Room | Main | 4.37 × 3.61 m14.3 × 11.8 ft | — |
| Family Room | Main | 3.61 × 3.58 m11.8 × 11.7 ft | — |
| Bedroom | Main | 3.25 × 2.74 m10.7 × 9.0 ft | — |
| Bedroom | Second | 3.81 × 3.12 m12.5 × 10.2 ft | — |
| Bedroom | Second | 3.81 × 2.90 m12.5 × 9.5 ft | — |
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced below most comparable listings — about 7% of comparable detached listings in Virgil are asking less.
Based on 28 comparable active detached listings in Virgil. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $625,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
What similar homes in this area actually sold for.
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$699,000
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Listing courtesy of ROYAL LEPAGE NRC REALTY
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