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Price Change$500,000

187 South Mill Street

335 - Ridgeway, Fort Erie

$485,000

Detached|1 1/2 Storey
3 | 1 | 8
About this home

A rare opportunity in downtown Ridgeway with a generous lot! Located in the heart of this charming community, enjoy convenient access to restaurants, grocery stores, boutique shopping, and everyday amenities. The property offers a mostly fenced lot with mature trees, privacy, and plenty of outdoor space for children, pets, gardens, future outbuildings, or simply relaxing and entertaining. A stone driveway leads to the standout 24' x 24' insulated detached garage, complete with a wood stove, ideal as a workshop, hobby space, or storage for vehicles and recreational equipment. The backyard features a patio for outdoor dining, while the covered front porch offers another place to unwind. A durable metal roof adds long-term value. Inside, the home offers a bright, functional layout with plenty of natural light. The spacious living room features two large windows, including a bay window, and a gas fireplace. The kitchen provides generous counter and cupboard space with a walkout to the backyard patio. A separate dining room features hardwood flooring, while the main level also includes a 4-piece bathroom. Upstairs are three bedrooms, a shared walk-in closet ideal for linen storage, and an open loft area suitable for a TV area or home office. Heating sources include electric, gas fireplace, electric baseboard, and wood stove. Combining a spacious lot, mature landscaping, exceptional detached garage, and practical floor plan, this property offers plenty of potential inside and out.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$3,412
Lot Size66 ft x 165 ft
mls© NumberX13567800
Listed ByCentury 21 Heritage House LTD

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,482
Property tax
$284
Heat allowance
$150
Housing costs
$2,917 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $97,000
25-yr amortization

Income needed

$90,000

gross annual household income

Payment at 4%
$2,041 / mo
Cash down
$97,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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