$1,599,000
Available - For Sale
Listing ID: X12231362
300-304 Ridge Road North , Fort Erie, L0S 1N0, Niagara
| 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 |
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| REVEL Realty Inc., Brokerage |
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|
Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Fort Erie |
| Neighbourhood: | 335 - Ridgeway |
| Tax: | $7,967.83 |
| Fireplace: | N |
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