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$ 1,599,000
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Active
300-304 Ridge RD N Fort Erie, ON L0S 1N0
6,092 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,092 sqft
Price per Sqft $262
Subdivision 335 - Ridgeway
MLS Listing ID X12231362
Annual Tax Amount $7,967
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Niagara
Community 335 - Ridgeway
Area Niagara
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 74.05
Lot Depth 187.0
Listed by REVEL Realty Inc., Brokerage
