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. |
Price | $1,599,000 |
Taxes: | $7967.83 |
Tax Type: | Annual |
Assessment Year: | 2025 |
Occupancy: | Tenant |
Address: | 300-304 Ridge Road North , Fort Erie, L0S 1N0, Niagara |
Postal Code: | L0S 1N0 |
Province/State: | Niagara |
Legal Description: | CON 1 LE PT LOT 23 PLAN 227 PT LOT 8 PLA |
Directions/Cross Streets: | Ridge rd and Hibbard |
Washroom Type | No. of Pieces | Level |
Washroom Type 1 | 0 | |
Washroom Type 2 | 0 | |
Washroom Type 3 | 0 | |
Washroom Type 4 | 0 | |
Washroom Type 5 | 0 | |
Washroom Type 6 | 0 | |
Washroom Type 7 | 0 | |
Washroom Type 8 | 0 | |
Washroom Type 9 | 0 | |
Washroom Type 10 | 0 |
Category: | Apartment |
Building Percentage: | T |
Total Area: | 4840.00 |
Total Area Code: | Square Feet |
Financial Statement: | T |
Washrooms: | 0 |
Heat Type: | Gas Forced Air Close |
Central Air Conditioning: | Yes |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
REVEL Realty Inc., Brokerage |
|
Book Showing | Email a Friend |
Type: | Com - Investment |
Area: | Niagara |
Municipality: | Fort Erie |
Neighbourhood: | 335 - Ridgeway |
Tax: | $7,967.83 |
Fireplace: | N |