3840 Terrace Lane, Fort Erie, ON
L0S 1B0
Listed September 16, 2026
About this property
Nestled along the shores of Lake Erie, this charming two-story retreat offers a prime waterfront location with spectacular views from nearly every room. The main floor features an inviting enclosed porch for year-round lake watching, a bright eat-in kitchen with patio doors leading to a scenic side deck, and a spacious family room with airy vaulted ceilings. Designed for effortless living, the home includes three bedrooms, a main-floor laundry, and 1.5 baths, making it perfect as a permanent residence or a vacation getaway. Beyond the front door, you are steps away from a boat launch and local parks, and just minutes from the vibrant boutiques, restaurants, and small-town charm of downtown Ridgeway. Experience the perfect blend of lakeside relaxation and community convenience.
Features
Property Details
Listing
Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 3840 Terrace Lane — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$169,980 · Minimum $59,990
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2025 tax bill).
Leave at $0 if there isn't one.
Typical for this kind of home.
Hydro, heating, water and sewer.
About 1% of the price a year, set aside.
One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$5,274/mo
About $63,288 a year
- $3,759
- $352
- Home insurance$125
- Utilities$330
- Maintenance & repairs$708
Cash needed to close
- Down payment (20%)
- $169,980
- Ontario land transfer tax
- $13,473
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $185,953
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
3840 Terrace Lane, Fort Erie, ON
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Last Updated: September 16, 2026
Listing Office: ROYAL LEPAGE NRC REALTY
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