300-304 Ridge Road N, Fort Erie, ON L0S 1N0

Fort Erie L0S 1N0 Ontario

MLS: X12231362

$1,599,000

Added 70 days ago | For Sale

Listed by: REVEL Realty Inc., Brokerage

About Property

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.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 74.05 X 187
  • Water:Municipal
  • Garage Spaces: /Reserved/Assignd
  • Driveway:
  • Heating Fuel:
  • Cross Street:Ridge rd and Hibbard
  • Basement: ,
  • Possession Date:Closing after severance is complete
  • Annual Property taxes: $7967.83
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12231362

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