3867 Dominion Road, Fort Erie (Ridgeway) - Retail for Sale
3867 Dominion Road, Fort Erie (Ridgeway), Ontario, L0S1N0
2,500 ft²1.37 acres lot sizeListed 8 days ago
Overview
This retail property in Fort Erie is for sale offering roughly 2,500 sq ft of space. It has been on the market 8 days, fresher than the Fort Erie average of 110 days.
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, cafes 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. (id:66096)
Property Details
MLS®
X14129288
Property Type
Retail
Business Type
Automobile
Zoning
C2 / R2
Interior Size
2,500 ft²
Lot Size
1.37 acres
Frontage
195 ft
Building Area
2,500 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$9,720.16/yr
Listed
8 days ago
Features
Appliances
Washer, Range, Dryer, Microwave, Alarm System
Lot Features
Irregular lot size
Services
Water
Municipal water
Sewer
Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
8d
Fort Erie (Ridgeway) listings, avg age
110d
Price / ft²
$1,000
List price
$2.50M
Active: 8 days on market, against an average age of 110 days across the listings currently for sale in this city
Market timing · days on market0 → 110d avg age of current listings
Active · day 8
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.
Haho
This retail in Fort Erie (Ridgeway) has been listed for 8 days, which is 102 days fresher than the city average of 110. Act while there is still low competition.
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE · Shawn Schertzing
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L0S)
This home lists at $2,499,000, about 26.3× the local median household income of $95,000.
Carrying it typically needs a household income of about $488,142 (20% down, 25-yr amortization, stress-tested) — roughly 414% above the area median.
Median household income
$95,000
Population
60,409
Median age
53.2
Owner / renter
87% / 13%
Avg. household size
2.4
Source: Statistics Canada, 2021 Census (FSA L0S)
$2,499,000· $1,000/ft²
For sale
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Financing
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