










1/12367 RIDGE ROAD N, Fort Erie (Ridgeway), ON L0S1N0
$199,000 total
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Asset Class
Retail
Size
—
Building class
A
Zoning
CNC — Neighbourhood Commercial
$ / SF
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Occupancy
97%
An exceptional opportunity to own and run THE ONLY INDIAN RESTAURANT IN FORT ERIE. Located in a quaint village of Rideway (Fort Erie), this restaurant has everything an aspiring business owner would look for. ***Turn-key business opportunity with loyal customer base ***Renovated cozy interiors and a 300 SF beautiful outdoor covered patio with a bar. There is an additional 300 SF non-covered patio on the restaurant side. ***Well-equipped kitchen that has 8 Ft. commerical hood fan and suppression system, and all trade equipment included in the sale - that gets you into business right away. Additional shed (included) built on the back side for strorage. *** 40-seating capacity (indoor) plus additional 20 seating capacity at outdoor patio, with LLBO permit upto the patio. Current monthly GROSS RENT is $2088.89 + HST (no additional TMI).***Seller is offering to sell entire incorporation with all its assests and liabilities, business name and licenses, social media and customer base - all inclusive deal! (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$919
Projected NOI
$11K
Annual cash flow
$-312
Cash-on-cash
-0.52%
DSCR
0.97
Going-in cap
5.38%
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.
Trade area within 3 miles of the property.
Population
73,153
Households
26,469
Median income
$114,000
Median age
33.5
Daytime population
66,261
5-yr growth
4.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 367 RIDGE ROAD N, Fort Erie (Ridgeway).
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.