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5 Fair Avenue Grimsby, Ontario L3M 2A3

4 Bedroom 2 Bathroom 1950 sqft
None Forced Air

$749,900

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. (id:26105)

Property Details

MLS® Number 30756089
Property Type Single Family
Amenities Near By Park
Community Features Quiet Area
Equipment Type None
Features Park Setting, Treed, Wooded Area, Park/reserve, Beach, Double Width Or More Driveway, Paved Driveway
Parking Space Total 5
Rental Equipment Type None
View Type Lake View

Building

Bathroom Total 2
Bedrooms Above Ground 4
Bedrooms Total 4
Basement Development Unfinished
Basement Features Separate Entrance
Basement Type Full (unfinished)
Construction Style Attachment Detached
Construction Style Split Level Sidesplit
Cooling Type None
Exterior Finish Aluminum Siding, Brick
Fireplace Present No
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 1950 Sqft
Type House
Utility Water Municipal Water

Land

Access Type Water Access
Acreage No
Land Amenities Park
Sewer Municipal Sewage System
Size Depth 100 Ft
Size Frontage 100 Ft
Size Total Text Under 1/2 Acre
Zoning Description Gb

Rooms

Level Type Dimensions
Second Level 4pc Bathroom
Second Level Bedroom 13' 0'' x 11' 0''
Second Level Bedroom 13' 0'' x 11' 0''
Second Level Eat In Kitchen 15' 0'' x 10' 0''
Second Level Living Room 16' 0'' x 16' 0''
Basement Storage 16' 0'' x 10' 0''
Basement Laundry Room 16' 0'' x 6' 0''
Ground Level 4pc Bathroom
Ground Level Bedroom 11' 0'' x 9' 0''
Ground Level Bedroom 11' 0'' x 11' 0''
Ground Level Eat In Kitchen 16' 0'' x 10' 0''
Ground Level Living Room 16' 0'' x 12' 0''

Utilities

Water Available

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=21023470

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Shaun Thoms – Niagara Region Realtor