5 FAIR Avenue , Grimsby

4 Bed / 2 Bath / $999,900 / MLS® #:30756089

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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 township 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. (id:10452)

Property Details

Property Type House
Square Feet 1950 sqft
Maintenance N/A
Days On Our Website 12
Basement Unfinished - Full (Unfinished)
Kitchens 2
Lot Dimensions under 1/2 acre
Pool N/A
Area Grimsby
Air Conditioning None
Heating Natural gas - Forced air
Exterior Aluminum siding, Brick
Parking Spaces 5
Parking Type Attached garage
Sewers Municipal sewage system
Water Municipal water

Listing Office: MCGARR REALTY CORP, BROKERAGE



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