1043 RIDGE ROAD N, Fort Erie (Ridgeway)

$998,888

For sale: Detached

Detached at 1043 RIDGE ROAD N, Fort Erie (Ridgeway)
Property type
Detached
Bedrooms / bathrooms
3 bedrooms, 1 bathroom
Living area
1,500 sqft
MLS®
MLS® X13610056
Neighbourhood
335 - Ridgeway

Prime 6.25-Acre Mixed-Use Development Opportunity in the Heart of Ridgeway!ATTENTION DEVELOPERS, INVESTORS & END USERS! Rare opportunity to acquire a high-visibility corner property located in a new and rapidly developing area of the Niagara South Peninsula. This exceptional parcel offers approximately 6.25 acres of prime land with multiple zoning designations, includingCommercial and Agricultural, providing excellent potential for a variety of future uses (buyer to verify permitted uses and zoning requirements).The property features outstanding exposure with approximately 379 feet x 418 feet frontage alongGarrison Road (Highway 3) and approximately 352 feet x 675 feet frontage along Ridge Road North, offering multiple access points and excellent visibility in a high-traffic location.The site presents exciting possibilities for future development, including potential for retail plazas, professional/medical offices, restaurants, service commercial uses, and other mixed-use opportunities, subject to municipal approvals and buyer due diligence. Located in a desirable Ridgeway community where new development is actively taking place and established amenities continue to grow.Approximately 2 acres are cleared and improved with a recently updated 1.5-storey detached home serviced by municipal water and septic. The home currently generates rental income of $1,700/month plus utilities with a good tenant on a month-to-month basis who may consider staying.Ideally located within walking distance to Lake Erie and offering convenient access to Highway 3/GarrisonRoad, this property represents a rare investment opportunity with endless possibilities for the discerning buyer. Buyer to verify all permitted uses, development potential, conservation restrictions, and municipal requirements.

Sold data

Detached homes in Fort Erie (Ridgeway) — recent sold market

Detached homes in Fort Erie (Ridgeway) took a median of 37 days to sell over the last 90 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 75, across 160 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.

The median sale price was $549,450.

Homes sold for about 3.4% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 36% of sellers reduced their price before finding a buyer.

Median days to sell
37
Median sale price
$549,450
Sale-to-list ratio
96.6%
Sold above asking
8%

Based on 160 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Fort Erie (Ridgeway)

Fort Erie (Ridgeway) has 5 Fraser Institute–rated schools (4 elementary and 1 secondary), averaging 6.5/10.

Rated schools
5
Elementary
4
Secondary
1
Average rating
6.5 / 10

Top-rated schools in Fort Erie (Ridgeway)

  • Garrison Roadelementary, Fort ErieFraser rating 7.8/10
  • St Philomenaelementary, Fort ErieFraser rating 7.3/10
  • General Vanierelementary, Fort ErieFraser rating 6.8/10
  • Greater Fort Eriesecondary, Fort ErieFraser rating 5.5/10
  • Our Lady of Victoryelementary, Fort ErieFraser rating 5.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1043 RIDGE ROAD N