Description

Price : $1,599,000.00 MLS^® : X12231362 / 300-304 Ridge Road, Fort Erie, ON L0S 1N0

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 Description

Ridge rd and Hibbard

Property Details

• Community: 335 - Ridgeway
• Property Type: Tenant/Commercial
• Garages: Reserved/Assignd
• Annual Property Taxes : $ 7967.83

Building Features

• Parking Type : Reserved/Assignd

Features

• Heating : Gas Forced Air Closed

Land (Lot Features)

• Frontage: 74.05 sq.ft
• Land Depth: 187sq.ft

Listing Contracted With: REVEL Realty Inc., Brokerage