+8 more
$1,699,000
407-409 Main
Grimsby (541 - Grimsby West), Ontario, L3M1T1
5 sqft
Area
5.1 acres
Lot
About This Property
This retail in Grimsby offers 5 sqft of living space on a 5.1 acres lot. The property has lot dimensions of 5.1. The home features forced air, natural gas heating, fully air conditioned.
MLS Remarks
Discover the potential of this rare 5.10 acre mixed use property in the thriving and scenic community of Grimsby, offering 171 feet of wide frontage and excellent visibility for investors, builders, and business owners. This unique property includes a commercial storefront currently operating as a convenience store along with 2 residential rental units, all fully leased and generating steady income, with the option for buyers to assume the existing tenancies or establish their own business. In addition to the main buildings, the property features a barn and additional structures with renovation potential, creating opportunities for expansion, improvement, or value add enhancements. With agricultural potential and scope for greenhouse operations, farming, and other permitted uses such as single dwellings, institutional uses, home occupations, bed and breakfast, showrooms, offices, and conference centres, the flexibility here is exceptional. Strategically located near the QEW, GO Station, shopping centres, Costco, and GO carpool facilities, the property offers seamless connectivity to the Greater Toronto Area and the Niagara Region, making it an outstanding opportunity for investors, owner occupiers, or those seeking a strong income property in a rapidly growing and highly desirable location. Vendor Take Back available up to $350,000. (id:60351)
Inclusions
With the property's flexible zoning, you have the opportunity to explore various uses, including commercial,residential,retail,office,or Farming & agriculture. Grimsby is an up-and-coming area with increasing demand for both residential and commercial spaces.Currently, the property includes a commercial storefront and 2 residential units, all of which are leased. This presents an excellent opportunity for investors and buyers seeking steady rental income.
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