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Listed 22 days ago

61 Prospect Point Road N

335 - Ridgeway, Fort Erie

$534,900

Detached|Bungalow
3 | 2 | 2
About this home

Welcome to 61 Prospect Point Road North, ideally situated in the charming community of Ridgeway, just a short walk to the beautiful shores of Lake Erie, downtown Ridgeway, local schools, shops, restaurants, and the scenic Friendship Trail! Nestled in a quiet, established neighbourhood, this inviting home offers the perfect combination of small-town charm, everyday convenience, and flexible living space. The main level features three bedrooms, a full bathroom, a bright and spacious living room, a dedicated dining area, and a functional kitchen. The newly finished lower level adds a whole new dimension to this home! Featuring a generous family room, two additional bedrooms, a four-piece bathroom with laundry, and a second kitchen area complete with a stove, refrigerator, and sink, this space offers incredible versatility for extended family, guests, or additional living and entertaining space. With four bedrooms, two full bathrooms, and two kitchen areas, there's room for everyone to spread out and enjoy. Step outside and embrace everything this sought-after location has to offer, from leisurely walks along the Friendship Trail to afternoons by the lake and exploring the boutiques, cafés, and restaurants of downtown Ridgeway. Whether you're a growing family, a first-time buyer, or simply looking for a home with more room to enjoy, this property offers an exciting opportunity in one of Niagara's most welcoming lakeside communities. A fantastic location, newly finished living space, and so much potential.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,855
Lot Size61.06 ft x 114.83 ft
mls© NumberX14031842
Listed ByKELLER WILLIAMS COMPLETE REALTY

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%
$2,738
Property tax
$238
Heat allowance
$150
Housing costs
$3,126 / mo

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

Down payment20% · $106,980
25-yr amortization

Income needed

$96,000

gross annual household income

Payment at 4%
$2,251 / mo
Cash down
$106,980

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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