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234-238 Ridge Road N, Ridgeway, ON, L0S 1N0

MLS® # 40477738
Investment For Sale In Ridgeway, Ontario
$1,674,000
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
234-238 Ridge Road N, Ridgeway, ON
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Home Insurance - TD Insurance

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234-238 Ridge Road N, Ridgeway, ON, L0S 1N0
$1,674,000

Property Information:

Amazing turn-key investment opportunity! This fully tenanted 5 unit property consists of 4 residential units and one commercial space. This multi use property is in a prime high traffic location in the heart of the quaint town of Ridgeway. Property has had several recent updates. 4 residential units host long term tenants commercial space is currently leased by a successful bakery. Total gross rental income $97,800 Contact listing agent for details regarding leases, recent updates and chattels included. Property only for sale (bakery not for sale but will stay on as a tenant). Put your money to work for you. Don't miss out call today! Please allow 24 hours notice for viewing of residential units.

Inclusions: None

Building Features:

  • Floor Space: 4578 Square Feet

Property Features:

  • Bedrooms: 6
  • Acres Range: < 0.5
  • Basement: Partial, Unfinished
  • Construction Materials: Vinyl Siding
  • Cooling: Wall Unit(s)
  • Driveway Parking: Outside/Surface/Open, Private Drive Double Wide
  • Floor Space (approx): 4578 Square Feet
  • Heating: Forced Air, Radiant
  • Laundry Features: None
  • Lot Depth: 165 Feet
  • Lot Features: Rectangular, Business Centre, City Lot, High Traffic Area, Library, Park, Public Parking, Public Transit, Rec./Community Centre, Schools, Shopping Nearby
  • Lot Frontage: 54.00 Feet
  • Parking Features: Concrete
  • Roof: Asphalt, Asphalt Shing
  • Water Source: Municipal
  • Zoning: C4
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 8

Courtesy of: REVEL Realty Inc., Brokerage

Data provided by: Niagara Association of REALTORS® 116 Niagara Street, St. Catharines, Ontario L2R 4L4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Location of 234-238 Ridge Road N, Ridgeway, ON, L0S 1N0

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk:

41 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: Very High

41 hot days expected in 2050

66/100

ClimateCheck®

Current data

This property, 234-238 Ridge Road N, experiences 7 hot days per year at around 29.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 41 hot days at 33.3 degrees Celsius.

Projected Avg. Temperature

Past
29.7℃
2050
33.3℃

# Hot Days Per Year

Past
7
2050
41

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

64/100

ClimateCheck®

Current data

This property, 234-238 Ridge Road N, experiences 11 significant 2-day storms per year, with about 336.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 413.1mm of precipitation per year.

Precipitation Per Storm

Past
336.1mm
2050
413.1mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 234-238 Ridge Road N, Ridgeway, ON, L0S 1N0

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$130,123.49

Average Number of Children

1.79

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.52 %

High school certificate or equivalent

35.44 %

Apprenticeship trade certificate/diploma

10.17 %

College/non-university certificate

26.72 %

University certificate (below bachelor)

0.23 %

University Degree

13.3 %

Commuter

Travel To Work

By Car

92.96 %

By Public Transit

0.0 %

By Walking

2.56 %

By Bicycle

0.0 %

By Other Methods

4.48 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

19.84 %

Houses

77.14 %

Own Vs. Rent