For Sale · Office

2459 DOMINION ROAD, Fort Erie (Ridgeway)

2459 DOMINION ROAD, Fort Erie (Ridgeway), ON L0S1N0

$550,000 total

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

99%

Lot Size

1.486 ac

About this property

The possibilities are endless with this prime commercial opportunity! This picturesque 1.46 Acre property back's right onto the friendship trail and has high traffic visibility. Formally a school built in 1873 this spacious 3000 square foot building has a ton of potential that features high ceilings and high arched windows. The addition to the one room school was built on in the 1950s and it has most recently been used as an antique shop for many years. This property is zoned rural commercial which allows for a variety of uses that include construction trade establishments, farmers markets, veterinary or pet day cares, kennel, or renovate it and reside in the home of yours dreams! Reach out for further details (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$550K
Down payment30% · $165K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$36K

Annual cash flow

$5K

Cash-on-cash

3.19%

DSCR

1.17

Going-in cap

6.50%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

97,300

Households

34,760

Median income

$126,000

Median age

35.9

Daytime population

102,088

5-yr growth

1.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2459 DOMINION ROAD, Fort Erie (Ridgeway).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.