$249,000
994 RIDGEWOOD Avenue, Fort Erie, ON L0S 1N0, Fort Erie, ON
Fort Erie, ON L0S 1N0
1 bed 1 bath Detached
About this home
Land value only. Prime redevelopment opportunity on a desirable residential street. Property is being sold as is, where is, with no representations or warranties of any kind. Existing structure is of no value. Ideal for builders, developers, or end users looking to build a custom home. Easy access to QEW and a short drive to Port Credit GO Station for commuters, with quick connections to major roadways and amenities.
Property Score
67/ 100
Overall Property Score
good
A blend of both buyer and investor metrics.
Score breakdown
Walkability
55/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
35/100poor
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
42% of city avgexcellent
Priced below Fort Erie's average of $595,000.
Appreciation Trend
+1%/yrgood
Fort Erie has seen +1% YoY price change.
Monthly Cash Flow
-$208/mofair
Estimated -$208/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
4.61%great
Net operating income divided by purchase price.
Basement Suite Potential
Buildablegreat
Strong potential for a legal basement suite - could add ~$1,260/mo.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13031110
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.
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