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538 QUEEN STREET N
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Beds
6
Baths
5
Sqft
—
Year
—
Type
Single Family
On market
127d
This incredible Victorian home is filled with history showcasing stunning architecture, regal finishes & details throughout, including 4 original marble fireplace showpieces! The majestic solid brick home was built in 1880 and welcomes you into it's grand foyer with soaring, 11.5' ceilings and a beautiful staircase, the traditional parlour and part of what once was a lavish ballroom, now used for formal dining. Beyond that, the back living quarters houses the home's kitchen, a main floor bedroom, den, office & 4pc.bath which could easily be converted into a sizeable in law suite. Ideally set up for it's previous vocation as a beautiful bed & breakfast, the second floor provides an additional 4 bedrooms, 2 with their own ensuites, and a spacious 4 pc. bath, while the third floor offers a private and fully functional loft with yet another spacious bedroom and 3 pc. ensuite, and a sitting room overlooking the south side of the property, reminiscent of a turret in castle. The unfinished, yet dry, full basement offers a cold room, workbench and endless storage with possibilities for a games room and more! Outside, this impressive 1.45 acre property features a huge 52' x 62' shop with attached carriage house and endless possibilities and a long, paved driveway with tons of parking availability. The yard is beautifully treed providing privacy and shade as well as room to roam and enjoy!! Surrounded by the peaceful village of Paisley where the Saugeen & Teeswater Rivers meet, kayaking, trails and unique shops invite you to be a tourist in your own hometown, you will not want to miss your chance for this incredible, historical property. Historical designation not in place. Central vac, Generac generator, natural gas boiler, radiant heat, water softener & water heater owned. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Cold room | 2.4 × 2.25 meters | |
| Furnace | 5.04 × 4.9 meters | |
| Other | 3.5 × 4.5 meters | |
| Other | 4 × 4.2 meters |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 4.3 × 3.9 meters | |
| Sunroom | 7.5 × 1.7 meters | |
| Laundry room | 4.6 × 1.8 meters | |
| Bedroom | 4.5 × 4.1 meters | |
| Bathroom | 1.8 × 2.4 meters | |
| Den | 5.9 × 3.6 meters | |
| Office | 4.5 × 2.8 meters | |
| Dining room | 5.1 × 5 meters | |
| Living room | 4.6 × 3.8 meters | |
| Great room | 4.25 × 11.4 meters | |
| Foyer | 8.2 × 2.4 meters |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 4.5 × 4 meters | |
| Bedroom 2 | 4.3 × 4.5 meters | |
| Bedroom 3 | 4.7 × 3.8 meters | |
| Bedroom 4 | 4.5 × 5 meters | |
| Bathroom | 4.4 × 2.7 meters |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.83%
Cap rate
4.70%
GRM
13.9
Break-even rent
$5,967
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Arran-Elderslie. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.