154 Ridge Road

Fort Erie, ON

2,445 sqft
Commercial Retail
103 days on market

$799,900

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.

Listing Details

Taxes (2025): $5,694
Listed: May 21, 2026

Price History

Listing history

Property

Lot Size: 60.99 x 120 Feet

Parking

Garage: None

Location & Legal

Cross Street: FARR AVE & HIGHLAND AVE
Zoning: CMU4
Parcel Number: 641850039
Possession: Flexible
Occupancy: Tenant

Community

Postal area L0S

Population: 60,409
Private dwellings: 28,128
Median age: 53.2
Average household size: 2.4
Median household income: $95,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Fort Erie · last 12 months

Median sold price: $545,000
Homes sold: 634
Median days on market: 43
Sale-to-list price: 95.5%

Based on 634 recorded sales of commercial properties in Fort Erie over the last 12 months.

Listed by

Century 21 Heritage House LTD

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 2,445 sq ft
Price per sq ft: $327.16
Annual property tax: $5,694
Tax per sq ft: $2.33

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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