- Bedrooms
- 3
- Bathrooms
- 1
- Size
- 1,100–1,500sq ft
- Per sq ft
- $768at the range’s middle
- Lot
- 5 – 9.99 acres
- Tax a year
- $4,2832026 tax year
- Built
- 51-99
- Parking
- 4none
- Days on market
- Members
The brief
About 1043 RIDGE Rd
1043 RIDGE Rd is a 3-bedroom, 1-bathroom detached house in Ridgeway, Fort Erie, listed for sale at an asking price of $998,888 (MLS® X13610056).
Prime 6.25-Acre Mixed-Use Development Opportunity in the Heart of Ridgeway!ATTENTION DEVELOPERS, INVESTORS & END USERS! Rare opportunity to acquire a high-visibility corner property located in a new and rapidly developing area of the Niagara South Peninsula. This exceptional parcel offers approximately 6.25 acres of prime land with multiple zoning designations, includingCommercial and Agricultural, providing excellent potential for a variety of future uses (buyer to verify permitted uses and zoning requirements).The property features outstanding exposure with approximately 379 feet x 418 feet frontage alongGarrison Road (Highway 3) and approximately 352 feet x 675 feet frontage along Ridge Road North, offering multiple access points and excellent visibility in a high-traffic location.The site presents exciting possibilities for future development, including potential for retail plazas, professional/medical offices, restaurants, service commercial uses, and other mixed-use opportunities, subject to municipal approvals and buyer due diligence. Located in a desirable Ridgeway community where new development is actively taking place and established amenities continue to grow.Approximately 2 acres are cleared and improved with a recently updated 1.5-storey detached home serviced by municipal water and septic. The home currently generates rental income of $1,700/month plus utilities with a good tenant on a month-to-month basis who may consider staying.Ideally located within walking distance to Lake Erie and offering convenient access to Highway 3/GarrisonRoad, this property represents a rare investment opportunity with endless possibilities for the discerning buyer. Buyer to verify all permitted uses, development potential, conservation restrictions, and municipal requirements.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall20/100−$1,965/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 9 detached homes with 3 bedrooms for lease in Fort Erie right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,283 / 2026
- MLS® number
- X13610056
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 51-99
- Days on market
- Size
- 1100-1500 sqft
- Lot Size
- 352 x 720 ft
- Listed on
- Parking
- None, 4 Parking
Property details
Property
- Property Type
- Detached
- Style
- 1 1/2 Storey
- Community
- Ridgeway
- Municipality
- Fort Erie
Building
- Size
- 1100-1500 sqft
- Building Age
- 51-99
- Construction
- Stucco/Plaster
Inside
- Bedrooms
- 3
- Bathrooms
- 1
- Bathroom Details
- 1 × 3pc Main
- Basement Type
- Unfinished
- Kitchens
- 1
Parking
- Driveway
- Pvt Double, Other
- Garage Type
- None
- Additional Parking
- 4
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Forced Air
Land
- Sewer
- Septic
- Frontage
- 352 ft
- Depth
- 720 ft
- Lot Size
- 352 x 720 ft
Additional
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- None
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 3.0 × 4.47 m | — | Main |
| Dining | 3.3 × 4.17 m | — | Main |
| Living | 3.51 × 4.11 m | — | Main |
| Br | 2.9 × 4.17 m | — | Main |
| Br | 2.9 × 3.96 m | — | Main |
| Mudroom | 2.29 × 6.02 m | — | Main |
| Bathroom | 0.0 × 0.0 m | — | Main |
| Primary | 3.2 × 4.01 m | — | 2nd |
| Other | 3.2 × 3.56 m | — | 2nd |
Listing history
Buy/sell history for 1043 RIDGE Rd, Fort Erie, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $998,888 | N/A | For Sale | X13610056 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $199,778
- Total mortgage amount
- $799,110
- Total interest payment
- $568,290
- Total purchase cost
- $1,567,178
- Mortgage payment
- $4,558/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
54%Monthly carrying cost
$4,915- Rent $2,950
- Shortfall $1,965
Rental income opens at $2,950, the median asking rent of 9 comparable homes for lease in Fort Erie. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $16,453
- Total land transfer tax
- $16,453
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $12,453
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $998,888
- $11,978
- Ontario total
- $16,453
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The market
Detached homes for sale in Ridgeway right now
- For sale now
- 64
- Median asking price
- $799K
- New in 7 days
- 3
- Price cuts
- 45%
Middle half: $534K to $1.21M
14 in 28 days
29 listings
This home is asking 25% above the median.
See all homes in RidgewayAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| John Brant Public SchoolDSB Niagara | Public · grades JK–8 | 2.8 km | 84%Grade 6 average |
| St George Catholic Elementary SchoolNiagara CDSB | Catholic · grades JK–8 | 3.3 km | 97%Grade 6 average |
| Stevensville Public SchoolDSB Niagara | Public · grades JK–8 | 4.5 km | 88%Grade 6 average |
| St Philomena Catholic Elementary SchoolNiagara CDSB | Catholic · grades JK–8 | 6.6 km | 80%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Greater Fort Erie Secondary SchoolDSB Niagara | Public · grades 9–12 | 5.5 km | 52%Grade 9 math |
| Lakeshore Catholic High SchoolNiagara CDSB | Catholic · grades 9–12 | 16 km | 48%Grade 9 math |
| Eastdale Secondary SchoolDSB Niagara | Public · grades 9–12 | 17 km | 43%Grade 9 math |
| École secondaire Franco-NiagaraConseil scolaire Viamonde | French-language public · grades 9–12 | 18 km | 48%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
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Sold prices in Ridgeway are shown to signed-in members.