$595,000
For sale: Vacant Land

RESIDENTIAL INVESTMENT OPPORTUNITY to purchase and develop 3 lots in Ridgeway's saught-after Thunder Bay neighbourhood! Situated on a quiet street, this 142' x 105' cornerlot offers an excellent opportunity to build three 1200sq ft homes in one of Niagara's desirable lakeside communities. This property is ideal for those looking to create a comfortable, low-maintenance lifestyle just minutes from the shores of Lake Erie. Municipal services are available at the lot line; however, a sewer line extension from the corner is required. Property is being sold as-is, including the bungalow. Buyers wishing to purchase the property would need to complete the servicing to make the lot permit-ready. Severance approval has been obtained, with conditions completed except for entering into a servicing agreement and demolition of the existing home. Enjoy the convenience of a nearby park, walks to the Lake Erie shoreline and easy access to the 26-km Friendship Trail for walking, running and cycling. Historic Downtown Ridgeway's shops, restaurants and amenities are just minutes away, along with the sandy beaches and attractions of Crystal Beach. An exciting opportunity to build your own home and enjoy the relaxed lifestyle of Niagara's South Coast! An exciting opportunity to build your own home and enjoy the relaxedlifestyle of Niagara's South Coast!
Sold data
Homes in Ridgeway took a median of 54 days to sell over the last 90 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 74, across 44 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 74 days.
The median sale price was $637,400.
Homes sold for about 2.6% below asking on average, so there was room to negotiate.
About 2% of sales closed above the list price.
Around 41% of sellers reduced their price before finding a buyer.
Based on 44 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Fort Erie (Ridgeway) has 5 Fraser Institute–rated schools (4 elementary and 1 secondary), averaging 6.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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