Gaurang Shah, Sales Representative

$1,674,000

Available - For Sale

Listing ID: X11905664

234-238 RIDGE Road North , Fort Erie, L0S 1N0, Niagara

Amazing turn-key investment opportunity! This fully tenanted 5 unit property consists of 4 residential units and one commercial space. This multi use property is in a prime high traffic location in the heart of the quaint town of Ridgeway. Property has had several recent updates. 4 residential units host long term tenants commercial space is currently leased by a successful bakery. Total gross rental income over $90,000 Contact listing agent for details regarding leases, recent updates and chattels included. Property only for sale (bakery not for sale but will stay on as a tenant). Put your money to work for you. Don't miss out call today! Please allow 24 hours notice for viewing of residential units.

Price	$1,674,000
Taxes:	$7255.55
Tax Type:	Annual
Occupancy:	Tenant
Address:	234-238 RIDGE Road North , Fort Erie, L0S 1N0, Niagara
Postal Code:	L0S 1N0
Province/State:	Niagara
Legal Description:	PT LT 26 E/S RIDGE RD PL 349 VILLAGE OF
Lot Size:	54.00 x 165.00 (Feet)
Directions/Cross Streets:	Dominion Rd to Ridge Rd. N

Washroom Type

No. of Pieces

Level

Washroom Type 1

Washroom Type 2

Washroom Type 3

Washroom Type 4

Washroom Type 5

Category:	Retail
Building Percentage:	T
Total Area:	4578.00
Total Area Code:	Square Feet
Area Influences:	Recreation/Comm Public Transit

Washrooms:	0
Heat Type:	Radiant
Central Air Conditioning:	No

Schools

3 public & 4 Catholic schools serve this home. Of these, 7 have catchments.

Parks & Rec

3 trails, 3 sports fields and 11 other facilities are within a 20 min walk of this home.

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GDS:

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Percent Down:
Down Payment	$83,700	$167,400	$251,100	$334,800
First Mortgage	$1,590,300	$1,506,600	$1,422,900	$1,339,200
CMHC/GE	$63,612	$46,704.6	$39,841.2	$0
Total Financing	$1,653,912	$1,553,304.6	$1,462,741.2	$1,339,200
Monthly P&I	$8,161.76	$7,665.28	$7,218.36	$6,608.71
Expenses	$0	$0	$0	$0
Total Payment	$8,161.76	$7,665.28	$7,218.36	$6,608.71
Income Required	$306,065.87	$287,447.9	$270,688.62	$247,826.62

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$4,130.44

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Disclosure Statement

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.

REVEL Realty Inc., Brokerage

Listing -1 of 0

Gaurang Shah

Licenced Realtor

Dir:

416-841-0587

Bus:

905-458-7979

Fax:

905-458-1220

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At a Glance:

Type:	Com - Investment
Area:	Niagara
Municipality:	Fort Erie
Neighbourhood:	335 - Ridgeway
Style:
Lot Size:	54.00 x 165.00(Feet)
Approximate Age:
Tax:	$7,255.55
Maintenance Fee:	$0
Beds:	0
Baths:	0
Garage:	0
Fireplace:	N
Air Conditioning:
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