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Caledon, King, Toronto, New Tecumseth & Orangeville(437) 228-3434
MLS® X13610056For SaleDetached

1043 RIDGE Rd

Ridgeway, Fort Erie, Ontario L0S 1N0

Map
1 / 1
1043 RIDGE Rd, Fort Erie, photo 1
Asking$998,888
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

    Good

    1 documented update signal

    Source: Listing age, structured features and disclosed update language; not an inspection.

  • Cashflow Quality

    Shortfall

    −$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
Listing brokerage: EXECUTIVE REAL ESTATE SERVICES LTD.Data source: TRREB MLS®Information deemed reliable but not guaranteed. Contained information is subject to errors, omissions, and changes without notice. Information should be independently verified.

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

RoomSizeFeaturesLevel
Kitchen3.0 × 4.47 m—Main
Dining3.3 × 4.17 m—Main
Living3.51 × 4.11 m—Main
Br2.9 × 4.17 m—Main
Br2.9 × 3.96 m—Main
Mudroom2.29 × 6.02 m—Main
Bathroom0.0 × 0.0 m—Main
Primary3.2 × 4.01 m—2nd
Other3.2 × 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 StartDate EndList PricePriceEventListing ID
Date StartN/AN/A$998,888N/AFor SaleX13610056

Members see the full history. Prices are hidden from signed-out visitors.

The numbers

Mortgage Calculator

Plan with the current asking price

20% · $199,778

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
−$1,965per month
  • 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
65
Median asking price
$799K

Middle half: $535K to $1.2M

New in 7 days
4

15 in 28 days

Price cuts
45%

29 listings

This home is asking 25% above the median.

See all homes in Ridgeway

Asking 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

ElementaryTypeDistanceEQAO average 2024–25
John Brant Public SchoolDSB NiagaraPublic · grades JK–82.8 km84%Grade 6 average
St George Catholic Elementary SchoolNiagara CDSBCatholic · grades JK–83.3 km97%Grade 6 average
Stevensville Public SchoolDSB NiagaraPublic · grades JK–84.5 km88%Grade 6 average
St Philomena Catholic Elementary SchoolNiagara CDSBCatholic · grades JK–86.6 km80%Grade 6 average
SecondaryTypeDistanceGrade 9 math 2024–25
Greater Fort Erie Secondary SchoolDSB NiagaraPublic · grades 9–125.5 km52%Grade 9 math
Lakeshore Catholic High SchoolNiagara CDSBCatholic · grades 9–1216 km48%Grade 9 math
Eastdale Secondary SchoolDSB NiagaraPublic · grades 9–1217 km43%Grade 9 math
École secondaire Franco-NiagaraConseil scolaire ViamondeFrench-language public · grades 9–1218 km48%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

Recently sold nearby

Sold prices in Ridgeway are shown to signed-in members.

Email Kassaundra Dobson, Broker of Record