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$835,000
Available - For Sale
Listing ID: X12050070
An extraordinary and rare opportunity awaits. The former Peoples Memorial Church, a well-maintained and solid 10,000 sq. ft. building, sits prominently on an 86' x 193' ft. corner lot at the heart of the historic village of Ridgeway. Since 1872, its 94 ft. steeple has been a local landmark, visible for miles around, symbolizing the charm and history of Ridgeway. For the imaginative and skilled buyer with an appreciation for history, the possibilities are endless. This property has the potential for a variety of mixed-useredevelopment, combining commercial and residential spaces while preserving the historic main sanctuary. Over the years, the building has seen thoughtful additions, from the Sunday school wing in 1910 and abasement in 1925, to a gymnasium in 1932, and a large kitchen at the rear. A creative blend of apartments, community spaces, and commercial ventures, all executed in a way that honours the building's rich heritage and the character of the town, could make a remarkable contribution to Ridgeway's future. The spacious basement, with its high ceilings, large windows, and abundant natural light, adds another 3,000sq. ft. of possibilities. If you're searching for a unique, historic, and inspiring project, this property offers the chance to be part of Ridgeway's story for the next 150 years. Explore the potential, and help shape the future of this wonderful community. Buyers are advised to confirm zoning, permits, and servicing requirements with the Town of Fort Erie.
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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 $41,750 $83,500 $125,250 $167,000
First Mortgage $793,250 $751,500 $709,750 $668,000
CMHC/GE $21,814.38 $15,030 $12,420.63 $0
Total Financing $815,064.38 $766,530 $722,170.63 $668,000
Monthly P&I $3,490.86 $3,282.99 $3,093 $2,860.99
Expenses $0 $0 $0 $0
Total Payment $3,490.86 $3,282.99 $3,093 $2,860.99
Income Required $130,907.16 $123,112.07 $115,987.53 $107,287.21

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.
ROYAL LEPAGE NRC REALTY

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


 
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At a Glance:
Type: Com - Commercial Retail
Area: Niagara
Municipality: Fort Erie
Neighbourhood: 335 - Ridgeway
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Lot Size: x 193.30(Feet)
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Maintenance Fee: $0
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Fireplace: N
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