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 (coming soon!), Fayetteville Corners, and The Newfane Market. Newfane is one of the most photographed villages in the country. Located near major ski areas. A must see!