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New2 days ago

3252 Young Avenue

335 - Ridgeway, Fort Erie

$475,000

Detached|1 1/2 Storey
4 | 1 | 6
About this home

Located in a quiet part of Ridgeway's desirable Thunder Bay neighbourhood, and just moments from the shores of Lake Erie, this charming 1.5-storey home offers approximately 1,500 sq ft of living space with plenty of room for a growing family, home business, or downsizers seeking flexibility and convenience. The main floor features a bright and welcoming living room with a wood-burning fireplace, complete with a beautiful stone surround and wood mantel, while the expansive front window fills the space with natural light. The dining area includes large sliding doors to the backyard, creating an easy connection to outdoor living and entertaining. The functional kitchen offers ample cabinetry and leads to the main-floor laundry area and 4-piece bathroom. Also on the main level is the spacious primary bedroom, which could also function well as a home office or business space, featuring its own side entrance and sliding doors to the backyard for added flexibility and convenience. Upstairs, you'll find three generously sized bedrooms, providing plenty of space for family, guests, or hobbies. Outside, the property includes a detached single-car garage with workshop space, a garden shed, and an expansive backyard perfect for relaxing, gardening, or entertaining. If the buyers were to pursue a municipality-approved minor variance, there is also potential to sever the 105ft x 125ft lot into two lots, offering future development or investment possibilities. Ideally situated between the Friendship Trail and the Lake Erie shoreline, the area offers endless opportunities for walking, running, cycling, kayaking, paddleboarding, shopping, and dining. Just a short drive to Downtown Ridgeway's shops and restaurants, Crystal Beach's sandy shoreline, and only 15 minutes to the QEW or Peace Bridge, this property combines lifestyle, flexibility, and future potential in one attractive package.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$3,715
Lot Size105 ft x 125 ft
mls© NumberX14144392
Listed ByRE/MAX NIAGARA REALTY LTD, BROKERAGE

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%
$2,431
Property tax
$310
Heat allowance
$150
Housing costs
$2,891 / mo

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

Down payment20% · $95,000
25-yr amortization

Income needed

$89,000

gross annual household income

Payment at 4%
$1,999 / mo
Cash down
$95,000

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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