1/32430 RIDGE ROAD N, Fort Erie (Ridgeway)
430 RIDGE ROAD N, Fort Erie (Ridgeway), ON L0S1N0
$649,900 total
—
Asset Class
Multifamily
Size
—
Building class
C
Zoning
RA8 — Medium Rise
$ / SF
—
Occupancy
98%
Lot Size
0.175 ac
About this property
Excellent development opportunity just steps from historic downtown Ridgeway! Package is for a Three Storey mixed use Residential/Commercial development with Ten Residential units and one curbside commercial storefront. Currently a nicely renovated Two bedroom Two bath home that is move-in ready or ready to rent out while the remainder of the application process is completed. Minor variances have been approved and demolition permit has been applied for and granted, the building permit has also been applied for, Seller will transfer the permit application to the buyer to take on the remaining process and pay the permit deposit. **EXTRAS** Check attachments for plans (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$33K
Annual cash flow
$-3K
Cash-on-cash
-1.36%
DSCR
0.93
Going-in cap
5.13%
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
94,428
Households
34,258
Median income
$105,500
Median age
33
Daytime population
144,592
5-yr growth
1.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 430 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.