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Royal LePage
Royal LePage
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$749,000

Fort Erie (Ridgeway) ON, L0S 1N0

MLS® # X12559004

Property Information:

Beautiful 3 unit income property in Ridgeway. Fully rented with great tenants. Presently brings in $43,632 of rental income per year. Located in a desirable Ridgeway residential/commercial area, backing onto green space while also being close to downtown amenities. Configured as three rental units (two 2-bedroom units and one bachelor). The largest 2-bedoom apartment offers large principal rooms, a bright kitchen with built-in cabinets, double-wide fridge, and large stove, open concept living and dining area and 4-piece bath. Enjoy outdoor living on the covered front porch or private rear deck overlooking the yard and surrounding trees. The expansive lot includes ample parking with a driveway and concrete pad accommodating up to 4-5 vehicles. Convenient location near schools, shops, and parks. Excellent opportunity for investors to add to their portfolio. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Development: Unfinished
  • Basement Type: N/A
  • Exterior Finish: Concrete, Steel
  • Floor Space: 2000 - 2500 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5
  • Bathrooms: 3
  • Amenities Nearby: Public Transit, Park
  • Features: Carpet Free
  • Floor Space (approx): 2000 - 2500 Square Feet
  • Irregular: Yes
  • Lot Depth: 111.0 Feet
  • Lot Frontage: 60.0 Feet
  • Lot Size: 60 x 111 FT
  • Zoning: R2
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Courtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGE

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 442 RIDGE ROAD N, Fort Erie (Ridgeway), Ontario, L0S 1N0

Demographic Information of 442 RIDGE ROAD N, Fort Erie (Ridgeway), Ontario, L0S 1N0

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$110,468.92

Average Number of Children

1.74

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.3 %

High school certificate or equivalent

39.86 %

Apprenticeship trade certificate/diploma

9.11 %

College/non-university certificate

26.95 %

University Degree

9.78 %

Commuter

Travel To Work

By Car

91.04 %

By Public Transit

0.0 %

By Walking

0.56 %

By Bicycle

0.0 %

By Other Methods

8.4 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

17.37 %

Houses

82.63 %

Own Vs. Rent

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