Step into The Schoolmasters House, a beautifully preserved c.1818 residence that blends historic charm with modern comfort in the heart of Old Town Niagara-on-the-Lake. Set on a generous 144 x 104 ft lot with landscaped gardens and a tranquil fish pond. Main floor living with a spacious primary bedroom with ensuite, a second full bathroom with a deep soaker tub, laundry, and a large family room that also offers space for a home office or hobby area. Upstairs, you'll find two additional bedrooms with ensuite bedrooms, one with an exterior entrance and private stairs, as well as a fourth bedroom on the second floor, another full bath, and a cozy sitting area. The chefs kitchen is outfitted with a professional gas stove, abundant prep surfaces, and generous storage. Meals can be served in the formal dining room or enjoyed casually at the large island with breakfast bar. This former Bed and Breakfast is ideal for extended families, home office, or rental use. Several bedrooms feature private entrances, making them perfect for guests or short-term stays. Original wide-plank wood floors run throughout this home (carpet-free) while four (4) wood-burning fireplaces and a gas fireplace add warmth and character to every space. This multi-generational, multi-family home offers exceptional flexibility and income potential. The home also includes two (2) powered workshops, a garden shed, and a garbage shed. This is a rare opportunity to own a piece of Niagara-on-the-Lake's history with timeless character and modern convenience just steps from the shops, dining, and charm of Old Town. Only two (2) blocks to Queen Street.