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575-577 Main Street W St

Grimsby, ON L3M 1V1
  • $3,700,000
  • STATUS: Active
  • ON SITE: 103 Days
  • MLS #: X5732414
$3,700,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Commercial
County:
Area:

Description

2.04 Acres Of Residential Development Land In Grimsby. Site Plan Approved For Development With A Two-Storey, 44 Unit, 29,869 Sq. Ft. Luxury Retirement Residence. Extensive Studies Already Completed And Will Be Provided To Interested Parties With Signed Confidentiality Agreement. Seller May Be Interested In Joint Venture Opportunities. Proforma Indicates Estimated 6% Cap Rate. Existing Improvements Of Limited Value.

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Listing information © 2022 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Sotheby's International Realty Canada. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2022-11-26T21:40:10.217.
www.bluemountainproperty.ca/homes/132160393
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575-577 Main Street W St Grimsby, ON L3M 1V1

  • Price: $3,700,000
  • Status: Active
  • On Site: 103 Days
  • MLS #: X5732414
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighbourhood:
Grimsby
County:
Ontario
Area:
Grimsby
Property Description
2.04 Acres Of Residential Development Land In Grimsby. Site Plan Approved For Development With A Two-Storey, 44 Unit, 29,869 Sq. Ft. Luxury Retirement Residence. Extensive Studies Already Completed And Will Be Provided To Interested Parties With Signed Confidentiality Agreement. Seller May Be Interested In Joint Venture Opportunities. Proforma Indicates Estimated 6% Cap Rate. Existing Improvements Of Limited Value.
Exterior Features

Area Influences Grnbelt/Conserv Freestanding Yes Garage Type Other Lot Depth 420.00 Lot Front 240.00 Lot Size Code Feet

Interior Features

Air Conditioning Y Heat Type Other Total Area 29869.00 Total Area Code Sq Ft

Property Features

Assessment 1673000 Assessment Year 2022 Category Accommodation Commercial Type Investment Cross Streets Kelson Avenue North List Price Type For Sale Lot Code Lot Occupancy Vacant Sale Or Lease Sale Seller Property Info Statement No Tax Year 2022 Taxes 39826.56 Taxes Type Annual Utilities Y Water Municipal Zoning Commercial

Listing courtesy of Re/Max Garden City Realty Inc., Brokerage.
Listing information © 2022 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Sotheby's International Realty Canada. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2022-11-26T21:40:10.217.
 
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