321 Ridgeway Road

If you’re on the lookout for a fantastic investment opportunity, then look no further than this Multi-Family Home for sale in Fort Erie , located at 321 Ridgeway Road, Fort Erie. This delightful duplex, situated on a prime corner lot at the intersection of Ridgeway and Shannon R, is an ideal choice for anyone keen to become a landlord or expand their rental portfolio.

This property boasts a solid structure, built in the 51-99 age range, with a charming two-storey design that features a combination of vinyl siding and wood on the exterior. The home offers a generous total of 12 rooms, making it a spacious option for tenants. The main unit includes three bedrooms, providing ample space for families or groups of friends, while the upper unit features an additional bedroom, perfect for a single occupant or couple. This Multi-Family Home for sale in Fort Erie is designed to cater to a variety of rental needs, enhancing its appeal in the market.

One of the standout features of this property is the potential for great rental income. Each unit is equipped with 100 AMP service, ensuring that all electrical needs are met. The shared laundry facilities on the main floor add to the convenience for tenants, making this a highly desirable setup. The absence of a central vacuum system and the fact that the home is unfurnished allows for flexibility, as tenants can personalise their living spaces to their liking.

In terms of amenities, the property does not feature air conditioning, a pool, or a fireplace, which may be seen as drawbacks for some. However, the baseboard heating system ensures that the home remains warm and cosy during the colder months. The property is connected to municipal water and sewer services, providing peace of mind for any potential landlord.

The lot size of 70 x 55 feet offers a decent outdoor space, although it is under half an acre, which may limit extensive landscaping options. The driveway is private, accommodating up to two parking spaces, which is an added benefit in this bustling area of Fort Erie. However, it’s worth noting that there is no garage space available, which could be a consideration for some prospective tenants.

The community surrounding 321 Ridgeway Road, Fort Erie, is known for its charm and accessibility. The area, identified as 337 - Crystal Beach, is a lovely neighbourhood that attracts a variety of residents, making this Multi-Family Home for sale in Fort Erie an appealing option for those looking to invest in a vibrant community. The proximity to local amenities and attractions enhances the desirability of this property, ensuring that it remains a sought-after rental option.

The unfinished crawl space in the basement provides potential for future development, whether that be for additional storage or perhaps even a creative project down the line. While there are no additional rooms beyond what has been mentioned, the layout of the property is efficient and functional, making the most of the available space.

In summary, this Multi-Family Home for sale in Fort Erie at 321 Ridgeway Road, Fort Erie, presents an excellent investment opportunity. With its prime location, solid structure, and potential for rental income, it’s a property that should not be overlooked. Whether you’re a seasoned landlord or a first-time investor, this duplex is well worth considering. Don’t miss out on the chance to make this property a part of your investment portfolio!

Crystal Beach, located within the charming city of Fort Erie, is a picturesque lakeside community that offers a delightful blend of natural beauty and recreational opportunities. Nestled along the shores of Lake Erie, it boasts stunning waterfront views, sandy beaches, and a relaxed, welcoming atmosphere. Residents enjoy easy access to a variety of outdoor activities, including swimming, boating, and hiking in nearby parks. The area is characterised by its quaint cottages and family homes, creating a tight-knit neighbourhood feel. With its rich history, vibrant local shops, and a strong sense of community spirit, Crystal Beach is an ideal place for those seeking a tranquil yet engaging lifestyle by the water.

Schools in the Neighbourhood

This property is conveniently located near two excellent elementary schools, making it an ideal choice for families. The closest option is St. George Catholic Elementary School, situated just 0.9 km away. This school, governed by the Niagara Catholic District School Board, offers grades K to 8 and boasts a commendable rating of 7.7, reflecting its strong academic performance and supportive community environment. Additionally, John Brant Public School is located 1.4 km from the property. Operated by the District School Board of Niagara, this public school serves students from Junior Kindergarten to Grade 8 and has a rating of 6.8. Both schools provide English-language instruction and are committed to fostering a positive learning atmosphere. The proximity to these educational institutions not only enhances the appeal of the property but also ensures that your children will have access to quality education within a short distance. With a variety of educational options nearby, families can feel confident in their choice of schools while enjoying the benefits of living in a community focused on education and growth.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, diverse community with a population of 801 residents. The average household consists of 2.1 individuals, with an average age of 49 years, indicating a mature population. The average household income stands at $71,600, with 13.6% of the population classified as low-income. Housing prices in the area average around $604,000, reflecting a moderate market. The community has a notable percentage of single individuals at 41.96%, and households with children make up 31.91% of the population. Additionally, 22.6% of residents are immigrants, contributing to the area's cultural diversity. The rental market is represented by 23.94% of the population, while condos account for 5.63% of housing options. Education levels are relatively high, with 56.3% of residents holding a college or university degree. However, a significant portion of the population, 50.37%, is not in the labor force, which may influence the local economy and community dynamics. Overall, this area presents a blend of stability and diversity, making it an interesting place for potential homeowners and investors alike.