430 Ridge Rd N
Fort Erie, L0S1N0
For Sale
$784,999
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Apartment
CATEGORY0.18 Acres
TOTAL AREAX9047404
MLSIDContact Us
Property Description
Excellent development opportunity just steps from historic downtown Ridgeway! Package is for a Three Storey mixed use Residential/Commercial development with Ten Residential units and one curbside commercial storefront. Currently a nicely renovated Two bedroom Two bath home that is move-in ready or ready to rent out while the remainder of the application process is completed. Minor variances have been approved and demolition permit has been applied for and granted, the building permit has also been applied for but waiting for town review as permit deposit (~$15,000) is required to start the review process. Seller will transfer the permit application to the buyer to take on the remaining process and pay the permit deposit.
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Extras
The home is currently vacant and move-in ready. Seller has a file of all relevant minor variances, permits, plans, etc. that will share with buyer upon accepted conditional offer.
Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
Cmu4
Total Area
0.18 Acres
Lot Size
46' x 165'
Taxes
$2,234 (2023)
Air Conditioning
Yes
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Listing contracted with Re/Max Niagara Realty Ltd.
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Five-unit apartment complex for sale. This is an excellent investment opportunity. All five units are well-maintained. In addition, there are four one-bedroom units on the main level with stainless steel appliances and one three-bedroom unit on the second level. These units are located in the heart of Fort Erie, close to major highways and all amenities. Every unit features a separate parking space and hydro meter. A management company oversees four of the units.
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