407-409 MAIN STREET W, Grimsby (Grimsby West), Ontario, L3M1T1

Property Description

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:64974)

Quick Facts

• Property Type: Vacant Land
• Bedrooms: None
• Bathrooms: None
• Living Area: 5 sq ft (0.5 m²)
• Lot Size: 5.1000 acres (2.06 ha)
• Frontage: 172 ft (52.4 m)

Costs

• Annual Taxes: $9,800.00

Listing Provided by: RE/MAX REAL ESTATE CENTRE INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.