$674,999
Fort Erie
124 Ridge Road North, Fort Erie (Ridgeway), Ontario, L0S1N0
This retail property in Fort Erie is for sale offering roughly 1,440 sq ft of space.
An excellent opportunity for investors, business owners, or entrepreneurs looking for a functional commercial space in a prime Ridgeway location with outstanding visibility and flexible potential. Situated along Ridge Road North directly across from John Brant Public School, this high-exposure property benefits from steady daily traffic and prominent frontage in one of Fort Erie's growing communities. The approximately 48' x 30' building is well-suited for a variety of commercial, automotive, or mixed-use opportunities under the property's CMU4 zoning (see supplements for permitted uses). The mixed-use zoning also presents exciting future development potential, including the possibility of commercial space on the main level with residential living above, making this an appealing opportunity for investors and developers alike. The shop features three drive-in-level shipping doors at the front of the building, offering excellent accessibility and functionality for vehicles, equipment, and service operations. Included in the sale is a Wheeltronic 9000 drive-on scissor hoist, providing immediate value for automotive or mechanical businesses. Inside, the property includes a dedicated office area with a separate entrance and customer waiting area, along with two bathrooms, each equipped with a sink and toilet. The hot water tank and furnace are owned. An existing office A/C unit is present but currently not operational, and may be repairable. The attached 53' x 8' rear trailer unit provides additional utility and storage space and is included in the sale. A Phase 1 Environmental Site Assessment has already been completed for added buyer confidence, and a list of negotiable chattels is available in the supplements. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 181 days on market, against an average age of 112 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.
This retail in Fort Erie (Ridgeway) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $674,999, about 7.1× the local median household income of $95,000.
Carrying it typically needs a household income of about $131,851 (20% down, 25-yr amortization, stress-tested) — roughly 39% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0S)
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