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For saleMLS® X13155694

154 Ridge Road, Fort Erie, ON L0S 1N0

Ridgeway · L0S 1N0

$799,900

$327 / sq ft

5 months on market

Total area
2,445.2 sf
Lot
60.99 × 120 ft

What's special

  • Partial

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About this property

Prime mixed-use investment opportunity in the heart of Ridgeway! This well-maintained commercial property features 3 residential units and 1 commercial space, all fully tenanted and generating immediate rental income. Ideally located in a high-visibility area just minutes to major highways and the Peace Bridge, this property offers excellent long-term investment potential.The upper residential unit offers 2-3 bedrooms, 1.5 bathrooms, and a private balcony. The bachelor unit includes 1 bedroom and 1 bathroom, while the lower-level walk-out unit also features 1 bedroom and 1 bathroom. The commercial space is currently operating as a successful hair salon with convenient front parking and additional street parking available.The property also features a spacious rear yard and an insulated rear shed, ideal for additional storage or workspace. Each unit has its own air conditioning and separate heating system. The salon and upper unit are separately metered with utilities paid directly by tenants, while hydro for the bachelor and lower walk-out units is included in operating expenses. A solid income-producing property in one of Ridgeway's most desirable locations.

Property details

Property

Property type
retail
Interior size
2,445.2 sq ft
Lot size
60.99 × 120 ft
Zoning
CMU4
Possession
TBD

Interior

Heating
Other
Cooling
Partial

Costs

List price
$799,900
Property taxes
$5,694 / year (2025)
Price per sq ft
$327

Listing

MLS® number
X13155694
Status
For sale
Listed
May 21, 2026
Days on market
168
Last updated
May 22, 2026
Listing brokerage
Century 21 Heritage House LTD

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 33% of comparable retail listings in Fort Erie are asking less.

$480KMedian $1.25M$2.50M
This home
$327 / sq ft
Comparable median
$465 / sq ft

Based on 15 comparable active retail listings in Fort Erie. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.9% · minimum $54,990
$54,990
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$4,118.74
Property tax (est.)
$474.51
Estimated monthly
$4,593

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$12,473
Total due on closing
$12,473

An estimate on the asking price of $799,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of Century 21 Heritage House LTD. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$799,900

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