$750,000

5 Fair Avenue

Grimsby ON, L3M 2A3

Description

Investment property currently generating $31,200/yr in rental income located in the heart of Grimsby's Exclusive Historic Beach Community. Duplex with 2 two bedroom units both rented at $1,300/mo. Treed double lot 100'x100'. The ground work has been done to help take advantage of the potential value in this piece of property, the town has agreed that the highest and best use would be "3" single residential building lots. The vendor will assist in providing any information and research that has gone into talks with the town to lead to this recommendation. 3 single family residential (33' x 100') lots with potential for a detached garage." Located one minute from the QEW at Bartlett exchange. Secure your investment with this location's appreciation, offering value through development. Please allow 24 hrs (or more) notice for showings.

Details

MLS#30802134
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Days On Site165

Features

Bed(s)4
Bath(s)2 Full
SQ Feet1,950
Garage1
Story(s)Sidesplit
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Area Information
ProvinceON
CountyNiagara
CityGrimsby
Postal CodeL3M 2A3
AreaGrimsby
Community NameGrimsby Beach
Elementary SchoolGrand Avenue Public School
Listing VS Median (in Grimsby Beach)
Price:
$750,000
low | high
Med:
$534,450
78.74% of Average
SqFt:
1,950
low | high
Med:
1,015
97.948717948718% of Average
$ / SqFt:
$385
low | high
Med:
$545
8.392233201581% of Average
On Site:
165
low | high
Med:
74
100% of Average
Listing Updated: 09/25/2020
RANDY HART LogoMLS Number: 30802134
Listing Provided By:
RANDY HART  of  MCGARR REALTY CORP BROKERAGE
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