124 RIDGE ROAD N, Fort Erie (Ridgeway)

$674,999

For sale: Other

Other at 124 RIDGE ROAD N, Fort Erie (Ridgeway)
Property type
Commercial Retail
Bedrooms / bathrooms
2 bathrooms
MLS®
MLS® X13096086
Neighbourhood
335 - Ridgeway

An excellent opportunity for investors, business owners, or entrepreneurs looking for a functional commercial space in a prime Ridgeway location with outstanding visibility and flexible potential. Situated along Ridge Road North directly across from John Brant Public School, this high-exposure property benefits from steady daily traffic and prominent frontage in one of Fort Erie's growing communities. The approximately 48' x 30' building is well-suited for a variety of commercial, automotive, or mixed-use opportunities under the property's CMU4 zoning (see supplements for permitted uses). The mixed-use zoning also presents exciting future development potential, including the possibility of commercial space on the main level with residential living above, making this an appealing opportunity for investors and developers alike. The shop features three drive-in-level shipping doors at the front of the building, offering excellent accessibility and functionality for vehicles, equipment, and service operations. Included in the sale is a Wheeltronic 9000 drive-on scissor hoist, providing immediate value for automotive or mechanical businesses. Inside, the property includes a dedicated office area with a separate entrance and customer waiting area, along with two bathrooms, each equipped with a sink and toilet. The hot water tank and furnace are owned. An existing office A/C unit is present but currently not operational, and may be repairable. The attached 53' x 8' rear trailer unit provides additional utility and storage space and is included in the sale. A Phase 1 Environmental Site Assessment has already been completed for added buyer confidence, and a list of negotiable chattels is available in the supplements.

Sold data

Homes in Fort Erie (Ridgeway) — recent sold market

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 77, across 183 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.

The median sale price was $549,000.

Homes sold for about 3.6% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 34% of sellers reduced their price before finding a buyer.

Median days to sell
37
Median sale price
$549,000
Sale-to-list ratio
96.4%
Sold above asking
7%

Based on 183 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 124 RIDGE ROAD N