154 RIDGE ROAD, Fort Erie (Ridgeway)
$799,900
For sale: Other
- Property type
- Commercial Retail
- MLS®
- MLS® X13155694
- Neighbourhood
- 335 - Ridgeway
Prime mixed-use investment opportunity in the heart of Ridgeway! This well-maintained commercial property features 3 residential units and 1 commercial space, all fully tenanted and generating immediate rental income. Ideally located in a high-visibility area just minutes to major highways and the Peace Bridge, this property offers excellent long-term investment potential.The upper residential unit offers 2-3 bedrooms, 1.5 bathrooms, and a private balcony. The bachelor unit includes 1 bedroom and 1 bathroom, while the lower-level walk-out unit also features 1 bedroom and 1 bathroom. The commercial space is currently operating as a successful hair salon with convenient front parking and additional street parking available.The property also features a spacious rear yard and an insulated rear shed, ideal for additional storage or workspace. Each unit has its own air conditioning and separate heating system. The salon and upper unit are separately metered with utilities paid directly by tenants, while hydro for the bachelor and lower walk-out units is included in operating expenses. A solid income-producing property in one of Ridgeway's most desirable locations.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.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 Road — elementary, Fort ErieFraser rating 7.8/10
- St Philomena — elementary, Fort ErieFraser rating 7.3/10
- General Vanier — elementary, Fort ErieFraser rating 6.8/10
- Greater Fort Erie — secondary, Fort ErieFraser rating 5.5/10
- Our Lady of Victory — elementary, Fort ErieFraser rating 5.0/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 154 RIDGE ROAD
$799,999
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Detached321,100–1,500 sqft237 FIRST AVENUE, 767 - N. Welland, Welland
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Detached322,000–2,500 sqft191 CAIRNS CRESCENT, 331 - Bowen, Fort Erie
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Detached537355 GARNET, McGregor
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Townhouse221,100–1,500 sqft70 C - 586 SENECA DRIVE, 333 - Lakeshore, Fort Erie