Visionary investors will recognize this as a wonderful & rewarding opportunity. Land, building & business for sale as one. Amazing location in quaint Downtown Ridgeway. 2 road frontages (severance potential/buyer to verify). Approx 8000 sq.ft. building housing successful 'go-to' sports bar + 4 upstairs apartments. Additional main level retail space. Parking for 20+ vehicles. Numerous new home developments under construction within short walk. High profile setting amid Arts Centre, micro-brewery, movie theatre, Village Square, municipal parking & Friendship Trail. Next door to revitalized Crystal Beach tourism area. 20 mins to Niagara Falls/Peace Bridge/proposed South Niagara Hospital. Proposed expansion of GO Train service to Niagara Falls.
Presented by Gary O'Brien
Right At Home Realty Inc., Brokerage
Making it look easy since 1990. Serving the Ridgeway, Crystal Beach, Stevensville & Fort Erie area. Simply doing my best to make your life a little less complicated with honest, straightforward service - no smoke, no mirrors. You can reach me by calling 905-637-1700, by using the message button below or at www.facebook.com/GaryOBrienHomes.
In an effort to cool down the current housing market, Canada's mortgage regulators are raising the mortgage stress test to 2% above the contract rate, or to 5.25%, whichever is greater. Set to take effect June 1, the stress test applies to both insured and uninsured mortgages. Click the attached link to read more on these changes.
This is what's called a trial balloon. There's been some discussion lately about a home sales tax to help pay down the country's Covid induced debt. Expect this conversation to become more prominent in the year to come as the bills come due. Click below to read the article courtesy of The Globe & Mail.
Thanks to NAR for the following summary of market activity in Niagara Region. Residential home sales activity recorded through the MLS® system for The Niagara Association of REALTORS® (NAR) totaled 1,082 units in April 2021 compared to 276 units in April 2020.
In April, Niagara Association of REALTORS® listed 1,329 residential properties compared to 594 in April 2020 and slightly fewer than the 1471 sales in March 2021. The average days it took to sell a home in April 2021 was 15 days, compared to 37 days in April 2020 and 16 days in March 2021.
The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price for the Niagara Region was $643,200 in April 2021. This was an increase of 40.1% compared to April 2020 and 3.6% compared to March of 2021.
According to a NAR spokesperson, “the April 2020 to April 2021 comparison emphasizes the negative impact Ontario’s first COVID lock-down had on the Provinces economy including Niagara but also shines a light on market’s dramatic recovery and the desirability of Niagara Region as a place to call home".
If you're looking to take in a movie this weekend, you won't have far to go. You'll find an assortment of excellent movies at The Ridge Film House in Downtown Ridgeway including popular hits, art house and children's favourites. Be sure to stop in at one of our great restaurants beforehand or afterward, and do check out our wonderful shops while you're here! Have fun!
Another one of our great attractions in Historic Downtown Ridgeway is Brimstone Brewing Company, a popular micro-brewery & eatery. Located in the Sanctuary Centre for the Arts, Brimstone's mission is "to independently brew great local craft beer for a great community using all natural ingredients."
209 Ridge Road N Ridgeway ON
Welcome to the Ridgeway Farmers Market 2021 Season! Located in the municipal parking lot across from Town Square every Saturday morning during the months of May thru October, the Downtown Ridgeway Farmers' Market features local produce and food-stuffs. Come and find your favourite fresh product!