New Semi-Detached Home with Basement Apartment Option in Downtown Ridgeway

Property details for 3693 Elm Street, Fort Erie

Type: Residential
Bedrooms: 4
Bathrooms: 3
Lot Size: 30 x 115.5 FT
Stories: 2
Basement: Unfinished, Separate entrance, N/A, N/A
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Air exchanger
Exterior: Wood, Stone
Ownership: Freehold
Annual Taxes: $800

Downtown Ridgeway puts you just a short walk from the beach and Buffalo border, with shops and restaurants nearby. This new semi-detached house is 2 stories on a 60 by 115 foot lot, built with wood and stone exterior on a concrete foundation. It has 3 bedrooms and 2 baths, including a master with ensuite and walk-in closet. The main level is open-concept with living room, kitchen, and family room, plus a foyer. Upstairs holds all bedrooms. There's an unfinished basement that has its own entry, ready to be finished as a 1-bed apartment for extra income. It includes forced air heating, central AC, an air exchanger, and a tankless water heater. Two parking spots in an attached garage. Priced at $749,000, which is above the nearby median of $599,000, but it's a freehold new build with high-end finishes you can customize.

About 3693 Elm Street, Fort Erie — Property Score

Great Location

Score: 65/100

Value

Priced 7% above area median of $699,900 based on 187 comparable properties nearby 60

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - 1 fewer than similarly priced 4-bedroom homes nearby 48

2 bathrooms - typical for similarly priced properties 60

6,930 sqft lot - a generous lot for the area 78

Location

$61K median household income - near the Canadian average of $70K 61

86% of residents hold postsecondary credentials - a highly educated neighbourhood 93

80% homeownership rate - indicating a stable, owner-occupied community 86

58% of residents commute under 30 minutes - good commuting convenience 76

1,215/km² population density - a well-balanced suburban area 82

Market

Just listed - area average is 26 days on market 100

-14.8% median price change over 1 month - declining prices in the area 1

71 months of housing supply - 142 active listings with 2 sold last month (buyer's market) 40

Features

2-car garage - area average is 6.1 spots 80

Unfinished, Separate entrance, N/A, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

View - premium features that add significant value 60

Investment

0.11% effective tax rate ($800/yr) - very low tax burden 97

18% renter population - primarily owner-occupied area 51

Quality

Condition

Listing

31 photos provided - below the area average of 36 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.