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Currently operating as a Dental Office & Denture Centre with 3 additional private residential apartments. Zoning allows for a versatile array of uses for main floor office space. Modern layout and high quality finishes throughout. No need to deal with below market rents since residential units are readily vacant and meticulously taken care of. Tremendous upside potential for savvy investors offering a 5.81% cap rate at full capacity. Alternatively, the ideal investment for professionals seeking to open their own practice benefiting with a combined work and live-in space. Stand out in your industry as you mitigate overhead operating costs while maximizing the rental income potential. Drastically eliminate your commute time while increasing efficiency and quality of life. Convenient location with simple public transit accessibility. Strategic corner lot allows for enhanced visibility for high foot traffic directly off Yonge St. Private driveway allows for 12 vehicle parking spaces in tandem with the potential to expand. Oversized garage allows for additional parking / storage space or possible conversion. Truly an exceptional opportunity to enhance your real estate portfolio and fast track your success! **EXTRAS** 1st Floor fully equipped dental office designed to accommodate wide range of dental services. 2nd Floor apartment: spacious 3 bed unit w/ massive loft. Basement: 1 bed & bachelor unit. All 4 units feature functional privacy. 3938 sqft total" +"BuildingAreaUnits": "Square Feet" +"BusinessType": array:1 [ 0 => "Apts - 2 To 5 Units" ] +"CityRegion": "Mill Pond" +"CoListOfficeName": "COLDWELL BANKER THE REAL ESTATE CENTRE" +"CoListOfficePhone": "905-737-5700" +"Cooling": "Yes" +"Country": "CA" +"CountyOrParish": "York" +"CreationDate": "2025-05-21T07:03:04.020154+00:00" +"CrossStreet": "Yonge & Elgin Mills" +"Directions": "West of Yonge On Levendale" +"Exclusions": "Inclusions list upon request" +"ExpirationDate": "2026-05-19" +"Inclusions": "Inclusions list upon request" +"RFTransactionType": "For Sale" +"InternetEntireListingDisplayYN": true +"ListAOR": "Toronto Regional Real Estate Board" +"ListingContractDate": "2025-05-20" +"LotSizeSource": "MPAC" +"MainOfficeKey": "018600" +"MajorChangeTimestamp": "2025-06-20T18:52:10Z" +"MlsStatus": "New" +"OccupantType": "Owner" +"OriginalEntryTimestamp": "2025-05-21T07:00:03Z" +"OriginalListPrice": 2375000.0 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Description
Cash-flowing mixed-use investment in the heart of Ridgeway. This fully leased 8-unit building features 5 residential units and 3 commercial spaces, offering almost a 7% cap rate. Tenants are on separate hydro meters, with the option to convert to separate gas meters for added efficiency. The roof was replaced in 2020. Located in a growing community, this turnkey property is an excellent buy-and-hold opportunity for investors seeking stable cash flow and long-term appreciation.
Details
MLS® Number
X12231362
X12231362
Property Size
4840 Sqft
4840 Sqft
Additional details
- Utilities: Yes
- Cooling: Yes
- County: Niagara
- Property Type: Commercial Sale
Address
- Address 300-304 Ridge N Road
- City Fort Erie
- State/county ON
- Zip/Postal Code L0S 1N0
- Country CA