Amazing commercial & residential building in the heart of Downtown Ridgeway! The main floor commercial unit features about 500sq ft of well-kept retail space with large front windows and a fireplace plus an office/kitchenette/storage room, changeroom, 2pc washroom and back entrance. The facade of the building has character with the covered entrance and front porch. Upstairs in the updated residential unit, there are two bedrooms, one spacious 5pc bathroom, living room, kitchen and a nice balcony off the back. At the ground level residential entrance, the back porch has a gas BBQ hook-up. In the parking lot behind the building are 5 spaces for vehicles. Commercial and residential tenants are both willing to stay. Income opportunities with an approximate rental income of $41,000 per year. Downtown Ridgeway is a quaint but busy core neighbourhood with shops, restaurants, services, seasonal events and a Farmer's Market every Saturday from mid-May to mid-October.
Address
314 Ridge Road N
List Price
$599,000
MLS® Status
New
Expiration Date
2026-04-30
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
Fort Erie
Sub-Area
335 - Ridgeway
Region
Niagara
Lot Size Source
GeoWarehouse
Lot Depth
137
Lot Shape
Rectangular
Lot Type
Building
Lot Size Units
Feet
Lot Width
23
Parcel Number
641910330
Total Building Area
2074
Occupant Type
Tenant
Cross Street
Dominion Rd
MLS® Number
X12652200
Listing Brokerage
RE/MAX NIAGARA REALTY LTD, BROKERAGE
Basement
Yes
Postal Code
L0S 1N0
Posession Details
Immediate
Tax Amount
$6,205.75
Tax Year
2024
Standard Status
Active
Board Or Association
Niagara Association of REALTORS
Heat Type
Gas Forced Air Closed
Cooling
No
Cooling Features
Yes
New Construction
No
Garage Type
None
Tax Legal Description
PT LT 2 PL 394 VILLAGE OF RIDGEWAY BEING PTS 1 & 2 ON 59R14266 TOGETHER WITH AN EASEMENT OVER PT 3 ON 59R14266 AS IN SN300169 SUBJECT TO AN EASEMENT OVER PT 2 ON 59R14266 IN FAVOUR OF PTS 3, 4 & 5 ON 59R14266 AS IN SN301340 TOWN OF FORT ERIE
Security Features
No
Sewer
Sanitary
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