Homula Realty Brokerage
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23 Ridley Street, Prince Edward County, ON K8N 4Z1

Store W Apt/Office
$949,000

23 Ridley presents a spectacular opportunity to purchase a commercial space combined with two separate residential units; ALL VACANT. Well positioned on its .5 acre lot, and perfectly located on the South Side of the Bay Bridge across from downtown Belleville, with the Bay of Quinte just a stone's throw away. The Commercial space offers approximately 1045 square feet of retail space, delivery garage, storage, bathroom and prime corner location. Work and live or utilize the residential properties for additional income and revenue. The first residential unit offers up a spacious 3-bedroom, 2-bathroom layout and features a large kitchen and living area with recent updates throughout. The second residential unit provides a one bedroom, one bathroom apartment, complete with appliances. Versatility, location and an abundance of opportunity knock. Whether you are an astute investor, or want to diversify your real estate portfolio, this listing has it all!

MLS number
X13623880
Type
Store W Apt/Office
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K8N 4Z1
Photos
49
Property tax
$6,700 / year
43days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$189,800 · minimum here is $69,900
$4,201.97per month
Borrowed before insurance$759,200
Total borrowed$759,200
Interest over 25 years at 4.5%$501,390

If you rented it out

-$4,760.30per month out of pocket
Rent$0.00
Everything it costs to hold$4,760.30
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by Exp Realty. Listing data provided by the Toronto Regional Real Estate Board.