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$625,000
Available - For Sale
Listing ID: X12022225
Amazing commercial & residential building in the heart of Downtown Ridgeway! The main floor commercial unit features about 500sq ft of well-kept retail space with large front windows and a fireplace plus an office/kitchenette/storage room, changeroom, 2pc washroom and back entrance. The facade of the building has character with the covered entrance and front porch. Upstairs in the updated residential unit, there are two bedrooms, one spacious 5pc bathroom, living room, kitchen and a nice balcony off the back. At the ground level residential entrance, the back porch has a gas BBQ hook-up. In the parking lot behind the building are 5 spaces for vehicles. Commercial and residential tenants are both willing to stay. Income opportunities with an approximate rental income of $41,000 per year. Downtown Ridgeway is a quaint but busy core neighbourhood with shops, restaurants, services, seasonal events and a Farmer's Market every Saturday from mid-May to mid-October.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $39,000 $78,000 $117,000 $156,000
First Mortgage $741,000 $702,000 $663,000 $624,000
CMHC/GE $20,377.5 $14,040 $11,602.5 $0
Total Financing $761,377.5 $716,040 $674,602.5 $624,000
Monthly P&I $3,260.92 $3,066.74 $2,889.27 $2,672.54
Expenses $0 $0 $0 $0
Total Payment $3,260.92 $3,066.74 $2,889.27 $2,672.54
Income Required $122,284.53 $115,002.89 $108,347.63 $100,220.39

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX NIAGARA REALTY LTD, BROKERAGE

314 RIDGE Road North , Fort Erie, L0S 1N0, Niagara


 
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At a Glance:
Type: Com - Store W Apt/Office
Area: Niagara
Municipality: Fort Erie
Neighbourhood: 335 - Ridgeway
Style:
Lot Size: x 137.00(Feet)
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Tax: $6,205.75
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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