$2,499,000
For sale: Other

PRIME COMMERCIAL AND RESIDENTIAL DEVELOPMENT OPPORTUNITY IN THE HEART OF RIDGEWAY. Situated on a highly visible 1.37-acre corner lot at the intersection of Dominion Rd and Gorham Rd, this exceptional property offers outstanding exposure with approximately 194ft of frontage on Dominion Rd and 245ft of frontage on Gorham Rd. Located between Downtown Ridgeway's vibrant shops, restaurants, and services and the growing commercial corridor along Gorham Rd, the property is ideally positioned for a wide range of future uses & severance configurations. The property's Commercial and Residential zoning creates endless possibilities for investors, developers, business owners & entrepreneurs. Permitted uses include automotive shops and vehicle service centres, medical clinics & pharmacies, veterinary clinics & animal hospitals, cafés and bake shops, banks, retail stores, professional offices, studios, fitness centres, car washes & many other commercial opportunities. The site also offers excellent potential for residential or mixed-use development, allowing a combination of commercial space & residential units in one of Niagara's fastest-growing communities. Currently situated on the property is an approximately 2,500sqft automotive building featuring six bay doors, two vehicle hoists, & a 2pc washroom, along with a 1200sqft 2-bedroom, 2-bathroom bungalow complete with a beautiful rear sunroom. The location offers exceptional walkability to Downtown Ridgeway's shops, restaurants, parks, elementary school, and the 26-km Friendship Trail, while also being just minutes from Crystal Beach's sandy shoreline & Lake Erie lifestyle. Convenient access to the QEW, Niagara Falls, Toronto & the Peace Bridge to the USA further enhances the property's appeal. Whether you're looking to establish a business, expand an existing operation, develop a mixed-use project, or secure a strategic land holding, this is a rare opportunity to acquire one of Ridgeway's most prominent corner properties.
Sold data
Homes in Fort Erie (Ridgeway) took a median of 33 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 74, across 186 recorded sales.
The median sale price was $549,000.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 33% of sellers reduced their price before finding a buyer.
Based on 186 recorded sales in the last 90 days. 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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