$499,000

For sale

#7 340 Prospect Point Road, Fort Erie (Ridgeway) - Single Family for Sale

#7 340 Prospect Point Road, Fort Erie (Ridgeway), Ontario, L0S1N0

3 beds3 baths2 parking1,300 ft²20 × 84 ft (1,672 sq ft) lot sizeListed 48 days ago

Overview

This 3-bedroom, 3-bathroom home in Fort Erie is for sale offering roughly 1,300 sq ft of space. Listed at $499,000, it is attractively priced about 33% below the $749,900 median asking price in Fort Erie. It has been on the market 48 days, fresher than the Fort Erie average of 110 days.

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Description

Freehold-style living meets total peace of mind in this impeccably maintained, 1,355 sq. ft. townhouse built by award-winning Mountainview Homes in sought-after Ridgeway. Interior Highlights Bright & Open: Sun-drenched, open-concept layout designed for modern living. Spacious Accommodation: 3 generous bedrooms and 2.5 bathrooms. Chef-Inspired Kitchen: Modern finishings, ample storage, and abundant natural light. Unspoiled Basement: Full lower level featuring a bathroom rough-in, ready for your custom touch. Outdoor & Location Perks Ultimate Privacy: Backs directly onto a serene, protected conservation wooded area with no rear neighbours. Walkable Lifestyle: Steps from the scenic Friendship Trail and a quick 6-minute stroll to charming downtown Ridgeway shops and dining.Turn-Key Condition: Spotless, well-cared-for, and 100% move-in ready. Enjoy true pride of ownership where you own your home and land outright, with a tiny common element fee handling shared grounds maintenance and snow removal. It's all the freedom of a freehold, cleverly wrapped in a Vacant Land Condo. (id:66096)

Property Details

MLS®: X13801186
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 20 × 84 ft (1,672 sq ft)
Frontage: 20 ft
Storeys: 2
Basement: Walk out, N/A
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: Garage
Ownership: Freehold
Property Tax: $4,984.71/yr
Listed

Rooms

Main level

Foyer: 1.88 x 3.89 meters
Partial bathroom: 1.45 x 1.43 meters
Living room: 2.61 x 4.85 meters
Dining room: 3.1 x 2.2 meters
Kitchen: 3.07 x 2.6 meters

Second level

Bedroom 2: 2.7 x 4.2 meters
Bedroom 3: 2.95 x 3.2 meters
Bathroom: 1.62 x 2.32 meters
Primary Bedroom: 3.08 x 4.45 meters
Bathroom: 3.1 x 4.45 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Dishwasher, Stove, Dryer, Garage door opener
Flooring: Laminate, Carpeted, Ceramic
Foundation: Concrete
Exterior: Brick, Vinyl siding
Lot Features: Conservation/green belt

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Fort Erie (Ridgeway) listings, avg age

110d

Price / ft²

$384

List price

$499K

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 3-bed single family in Fort Erie (Ridgeway) has been listed for 48 days, which is 62 days fresher than the city average of 110. Act while there is still low competition.

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Listed by RE/MAX EXPERTS · JOHN KAREVSKA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0S)

This home lists at $499,000, about 5.3× the local median household income of $95,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 3% 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)

$499,000· $384/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$415/mo

Total monthly$3,044

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$6,455

Est. closing costs$3,997

Total cash needed$35,402

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