Ridgeway Apartment Buildings for Sale

Multifamily in Ridgeway available for sale

Ridgeway Apartment Building for Sale

3651 Elm St

Ridgeway, ON L0S 1N0

Multifamily for Sale
$549,900 CAD
3,840 SF

Ridgeway Multifamily for Sale - Southern GGH

Unlock the potential of this expansive 3,840 sq. ft. brick fourplex, ideally located in central Fort Erie. Nestled in the heart of downtown Ridgeway, it offers convenient access to shops, restaurants, the farmers market, and scenic recreational trails—making it highly attractive to prospective tenants. Each of the four units features two bedrooms, with some showcasing original wood flooring. Currently, three units are rented, and one is vacant, presenting an immediate opportunity for occupancy. The property is equipped with five separate hydro meters, four gas meters, and four individual gas furnaces, allowing tenants to manage their own utilities independently. A full basement provides valuable storage space or potential for future development. The roof, approximately seven years old, sits atop a solid foundation, making this an ideal project for a visionary investor ready to restore and enhance its value. Situated on a generous 53.15 x 198.54 ft. lot, there may also be potential to expand the existing structure or add a second building (buyer to verify). While the property requires significant work, its size, prime location, and existing rental income make it a compelling value-add investment opportunity in one of Fort Erie’s most desirable neighborhoods.

Contact:

Royal LePage NRC Realty, Brokerage

Property Subtype:

Apartment

Date on Market:

2025-09-04

Hide

1-1 of 1

Learn More About Investing in Apartment Buildings

Understanding Cap Rates in Commercial Real Estate

Calculating and Interpreting Cap Rates for Canadian Investors

Types of Commercial Leases: From Gross to Triple Net

Understanding the Different Lease Structures for Your Business Space

Commercial Real Estate Investing: Your Path to Market Success

Your guide to starting and thriving in Canadian commercial property investments

Apartment Building Investment: A Strategic Market Overview

Essential Insights and Practical Strategies for Building Your Multi-Family Portfolio

How to Rent an Office for Your Business in Canada

Learn About the Costs, Types of Office Spaces, and Key Considerations for Leasing the Ideal Commercial Space

Understanding Common Area Maintenance (CAM) Charges

Grasping Common Area Maintenance (CAM) Fees for Better Commercial Real Estate Decisions

How to Buy Land: From Raw to Ready for Development

Understanding Land Types and Purchase Requirements for Property Investment

REIT Investment Strategies: Building Real Estate Wealth

Understanding Investment Trusts and Creating Your Portfolio Strategy

Apartment Buildings for Sale in Ridgeway

View All Available Listings

How many apartment buildings are available for sale in Ridgeway?

There are currently 1 apartment buildings available for sale in Ridgeway, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in Ridgeway?

The average size of apartment buildings available for sale in Ridgeway is about 3,840 SF. The largest apartment buildings available to buy is 3,840 SF and the smallest is 3,840 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

Nearby Cities

Other Property Types

Apartment Building for Sale in Ridgeway