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Price on request
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
93%
Brand new custom-built two level upper unit in the sought-after Ridgeway/Crystal Beach area, offering 3 bedrooms, 3 bathrooms, high-end finishes, and an exceptional amount of living space throughout. This upper unit is part of a home with a completely separate basement unit, including its own private entrance.The main level features a bright open-concept layout with impressive custom details, including warm wood accents, modern lighting, wide-plank flooring, a statement fireplace, and a beautifully finished kitchen with a large island, quartz-style counters, built-in appliances, custom cabinetry, a walk-in pantry, and premium finishes throughout. The dining and living areas offer a spacious, airy feel with large windows and access to the exclusive backyard space, which is still under construction.The home includes 3 spacious bedrooms, each with its own walk-in closet, along with 3 bathrooms finished with modern vanities, black hardware, upgraded lighting, and stylish tile details. The primary ensuite features a glass shower, built-in niche, bench seating, and contemporary finishes.Additional highlights include exclusive use of a massive two-car garage with high ceilings, in-suite laundry, excellent storage, and exclusive use of the backyard. Tenant is responsible for all snow removal on their own driveway and walkways, as well as all lawn care.Located in a desirable beachside Ridgeway setting, just steps to the Lake Erie shoreline and close to Crystal Beach, downtown Ridgeway shops, local restaurants, cafés, parks, trails, and everyday amenities. A rare opportunity to lease a brand new, custom-finished home in one of Fort Erie's most charming lakeside communities. Tenant pays 75% of all utilities. (id:66811)
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Monthly debt service
$7K
Projected NOI
$80K
Annual cash flow
$-3K
Cash-on-cash
-0.69%
DSCR
0.96
Going-in cap
5.34%
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
129,344
Households
46,883
Median income
$70,500
Median age
41.3
Daytime population
208,348
5-yr growth
2.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1 - 3008 YOUNG AVENUE, 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.