Welcome to this remarkable commercial retail located in the coveted neighborhood of 335 - Ridgeway. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,499,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
PRIME COMMERCIAL AND RESIDENTIAL DEVELOPMENT OPPORTUNITY IN THE HEART OF RIDGEWAY. Situated on a highly visible 1.37-acre corner lot at the intersection of Dominion Rd and Gorham Rd, this exceptional property offers outstanding exposure with approximately 194ft of frontage on Dominion Rd and 245ft of frontage on Gorham Rd. Located between Downtown Ridgeway's vibrant shops, restaurants, and services and the growing commercial corridor along Gorham Rd, the property is ideally positioned for a wide range of future uses & severance configurations. The property's Commercial and Residential zoning creates endless possibilities for investors, developers, business owners & entrepreneurs. Permitted uses include automotive shops and vehicle service centres, medical clinics & pharmacies, veterinary clinics & animal hospitals, cafés and bake shops, banks, retail stores, professional offices, studios, fitness centres, car washes & many other commercial opportunities. The site also offers excellent potential for residential or mixed-use development, allowing a combination of commercial space & residential units in one of Niagara's fastest-growing communities. Currently situated on the property is an approximately 2,500sqft automotive building featuring six bay doors, two vehicle hoists, & a 2pc washroom, along with a 1200sqft 2-bedroom, 2-bathroom bungalow complete with a beautiful rear sunroom. The location offers exceptional walkability to Downtown Ridgeway's shops, restaurants, parks, elementary school, and the 26-km Friendship Trail, while also being just minutes from Crystal Beach's sandy shoreline & Lake Erie lifestyle. Convenient access to the QEW, Niagara Falls, Toronto & the Peace Bridge to the USA further enhances the property's appeal. Whether you're looking to establish a business, expand an existing operation, develop a mixed-use project, or secure a strategic land holding, this is a rare opportunity to acquire one of Ridgeway's most prominent corner properties.
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Data-driven valuation for 3867 Dominion Road, Fort Erie, ON L0S 1N0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Fort Erie.
About Purchasing a Home in Fort Erie, ON
For a property listed at $2,499,000 in Fort Erie, the legal minimum down payment is $499,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $48,950 for this transaction. As this listing is in Fort Erie (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $48,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.