$749,999
Available - For Sale
Listing ID: X12174731
382 Winston Road , Grimsby, L3M 0H2, Niagara
| Incredible Investment Opportunity Fully Leased Corner income-generating Commercial Unit in Grimsby-On-The-Lake.Strategically positioned on a corner unit with maximum exposure from both sides, this main floor retail space enjoys exceptional visibility in a high-traffic area, surrounded by new residential developments and anchored in a thriving commercial corridor.This property is currently tenanted by a fully fixtured hair salon with a five-year lease in place until July 2030, generating stable monthly rental income with built-in increases, totaling $250,000 over the lease term. The lease structure ensures reliable, escalating cash flow throughout the term. Importantly, the agreement provides landlord termination rights upon lease expiry, offering long-term flexibility to the future owner.Located just minutes from GO Transit, QEW access, and shopping destinations, this unit is ideal for investors seeking turnkey passive income and long-term capital appreciation.The Grimsby waterfront area is undergoing rapid transformation with new high-rise developments and proposed infrastructure upgrades, further boosting the area's growth potential and foot traffic. The property benefits from an unparalleled location in Grimsby's rapidly growing waterfront district. Positioned just steps from GO Transit services and with direct access to the QEW Highway, the location offers exceptional connectivity with Hamilton only 10 minutes away, St. Catharines within 20 minutes, and Toronto accessible within one hour. The strategic positioning places the property just 30 minutes from the Canada/US border and near the proposed new GO Train stop, enhancing long-term accessibility and growth potential.Note: This is a real estate investment opportunity. The hair salon business is not included in the sale. |
| Price | $749,999 |
| Taxes: | $7298.00 |
| Tax Type: | N/A |
| Assessment Year: | 2024 |
| Monthly Condo Fee: | $435 |
| Occupancy: | Tenant |
| Address: | 382 Winston Road , Grimsby, L3M 0H2, Niagara |
| Postal Code: | L3M 0H2 |
| Province/State: | Niagara |
| Directions/Cross Streets: | Winston Rd & Casablanca |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 1000.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 6-15 |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Electric Forced Air |
| Central Air Conditioning: | Yes |
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| WEB MAX REALTY INC. |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Niagara |
| Municipality: | Grimsby |
| Neighbourhood: | 540 - Grimsby Beach |
| Approximate Age: | 6-15 |
| Tax: | $7,298 |
| Fireplace: | N |
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