197-199 Ridge Road, Fort Erie, ON
Property no longer active
This property was sold on October 22, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 335 - Ridgeway. Expertly crafted featuring premium vinyl siding and brick front construction, this residence presents an exceptional opportunity offered at $850,000 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.
- 3 Bedrooms and 1 Bathroom
- Generous living space spanning 2000-2500 sqft on a premium 133 x 247.5 ft lot
- Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 21.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Sump Pump, Water Heater, Storage
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Work, earn and live with this rare property in the heart of Ridgeway featuring two residential units plus a commercial workshop on nearly 3/4 of an acre zoned as mixed-use. The original 2-story home, built in 1885, showcases timeless character with a welcoming covered porch. The main floor has spacious living and dining rooms, a family room, and a bedroom, a bright kitchen with stainless steel appliances, full bath, laundry, and mudroom. Upstairs you'll find two additional bedrooms and a cozy front nook, perfect for an office or reading space. Behind the home sits a 1,364 sq. ft. one-story apartment with 4 bedrooms, large kitchen, and laundry, with a tenant interested in continuing their lease (see Supplement for more details). There is also a 2,100 sq. ft. commercial workshop (see listing: X12431070) with parking for 20+ vehicles. With Ridge Rd frontage, mixed-use zoning, and proximity to schools, shops, and restaurants, this property is an incredible opportunity for multi-generational living, investment, or live-work flexibility.
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Property Summary
This detached home located at 197-199 Ridge Road, Fort Erie is currently for sale and has been available on SousaSells for 296 days. This property is listed at $850,000 with an estimated mortgage of $2,829* per month. It has 3 beds, 1 bathroom, and is 2000-2500 square feet. 197-199 Ridge Road, Fort Erie is in the 335 - Ridgeway neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 197-199 Ridge Road N, Fort Erie, ON L0S 1N0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Fort Erie, ON
For a property listed at $850,000 in Fort Erie, the legal minimum down payment is $60,000 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 $13,475 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 $13,475.
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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.