This dignified Victorian, across the street from the historic Newfane Village Common is stunning! The first 2 floors are now spacious, rental apartments. The 3rd floor is a beautiful owners unit. The house could be converted back to a single-family home or keep one or more of the apartments for extra income. The top floor, owner's unit, comes fully furnished and has a consistent, successful track record with Airbnb at $150 per night. The 2-story barn has space for parking and storage. It has a small studio/workshop space that overlooks a brook. The barn offers endless possibilities, and has great potential to be rented for residential or commercial use. In 2011, there was a new fiberglass, 1,250 gallon septic installed with a new leach field that allows for a commercial space in the barn. In addition, the current owners have completed approximately $155,000 in improvements to the property. Everything is complete and up to date with this very special property. Bulls Eye molding, a carved oak staircase, and a fireplace with an oak mantle are just a few of its very special features. There are separate furnaces and meters for each of the three units. It includes a mostly wooded five acres with trails & a brook. Overlooking the village green, it is a short walk to the celebrated Four Columns Inn, The Fat Crow , Fayetteville Corner, and The Newfane Market. Newfane is one of the most photographed villages in the country. Located near major ski areas. A must see!