Discover the potential of this rare 5.10-acre Land, ideally positioned for developers, builders, and investors. Located in the thriving and scenic community of Grimsby, this high-visibility site offers a unique blend of commercial and residential zoning with a wide frontage of 171 feet.The property features two residential apartments and commercial unit is currently leased, income-generating property. Buyers have the option to assume the existing lease for steady rental income or take advantage of the retail space to establish their own business.Currently, the property includes a commercial storefront and two residential units, all of which are leased. This presents an excellent opportunity for investors seeking steady rental income or for buyers interested in establishing their own business on the premises. The buyer also has the option to assume the existing tenancies Strategically located near major amenities including the QEW, GO Station, shopping centres, Costco, and GO carpool facilities, this site offers seamless connectivity to both the Greater Toronto Area and the Niagara Region. Surrounded by a mix of residential, commercial, and retail, the property is ideal for a range of permitted uses including single dwellings, institutional use, home occupations and industries, bed and breakfast, showrooms, Farming , agriculture, offices and sales outlets, conference centres, and religious institutions. Whether you're seeking a strong income property or a strategic location for your business, this opportunity checks every box in a rapidly growing community.VTB Available $750,000
Property Type:
Commercial
Property Sub Type:
Land
Freestanding:
No
Total Area:
222156 sq. ft. Acres
Total Area:
5.1 acre(s)2.06 hectare(s)
Retail Area:
0 sq. ft. Sq Ft
Lot Depth:
1444'2"440 m
Lot Frontage:
171'8"52.3 m
Lot Details:
171.70 x 1444.20 Feet
Water supply:
Municipal
Rooms:
0
Zoning:
NEC
Heating type:
Gas Forced Air Closed
Cooling:
Yes
Garage:
Outside/Surface
Possession Details:
immediate
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$9,800 /
2026
Assessment:
$- /
-
Niagara
Grimsby
541 - Grimsby West
Major Highway, Public Transit
Partial
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 two residential units, all of which are leased. This presents an excellent opportunity for investors and buyers seeking steady rental income.
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