300-304 Ridge Road N Fort Erie (Ridgeway), Ontario L0S 1N0
$1,599,000
Cash-flowing mixed-use investment in the heart of Ridgeway. This fully leased 8-unit building features 5 residential units and 3 commercial spaces, offering almost a 7% cap rate. Tenants are on separate hydro meters, with the option to convert to separate gas meters for added efficiency. The roof was replaced in 2020. Located in a growing community, this turnkey property is an excellent buy-and-hold opportunity for investors seeking stable cash flow and long-term appreciation. (id:41589)
Property Details
| MLS® Number | X12231362 |
| Property Type | Multi-family |
| Community Name | 335 - Ridgeway |
Building
| Appliances | Dishwasher, Stove, Refrigerator |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 4,840 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 187 Ft |
| Size Frontage | 74 Ft |
| Size Irregular | 74.05 X 187 Ft |
| Size Total Text | 74.05 X 187 Ft |
| Zoning Description | Cmu4 |
https://www.realtor.ca/real-estate/28491073/300-304-ridge-road-n-fort-erie-ridgeway-335-ridgeway
John Johnston
Salesperson
1224 Garrison Road
Fort Erie, Ontario L2A 1P1
(289) 320-8333
(905) 357-1705
revelrealty.ca/
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June 19 2025 02:57:34
Niagara Association of REALTORS®
Revel Realty Inc., Brokerage