Commercial For Sale in Grimsby
Big Income From A Small Place!
• 1,200 sq. ft., 3 bath, 2 bdrm commercial "Business & Building" - 
MLS® $649,900 CAD - Investment Opportunity!
Grimsby Centre, Grimsby - Location! Main Street Exposure. Cash Cow Property!
Store With Apartment & Business For Sale. Solid Rental Income Or Live In.
Lots Of Potential For Right Operator/Business. Put Your Own Business Here! Area Needs It!
Apartment Adds Income.
Owner May Offer Up To 50% Mortgage. Bring All Offers!
High Traffic Area. Excellent Exposure. Lot Features Pathway To City Parking.
Seating For 40 & Area For Side Patio!
Plenty Of Parking @ Rear.
Large 2 Bedroom Apartment With Covered Balcony & 10' Ceiling! Needs TLC.
Bus Name: Grimsby Sub Shop (Included in Price)
Financial Statements: Y (Receipts/Invoices)
Expenses Estimated: 2007
Taxes: $6,800
Gross Inc/Sales: $90,000
Insur: $2,500
Hydro: $4,600
Water: $600
Net Income B4 Debt: $30,000
Income Potential:
Apt: 24000 / year
Store 40000 / year
Total: 64,000
HISTORY OF GRIMSBY, ON
Grimsby, Ontario is a town of 20,000 located at the western end of Lake Ontario. The Niagara Escarpment is the dominant geographic feature with the main business and residential sections of Grimsby below and a more pastoral setting above (although there are many orchards, vineyards and farms both above and below the escarpment).
There is no single, dominant industry or business in Grimsby but there are many small manufacturing and light industry operations (mainly located along the QEW). The downtown core offers a variety of retail and service businesses.
Recreational activities include: boating, sport fishing and watersports on Lake Ontario, hiking the Bruce Trail along the Escarpment, visiting the many local wineries, vineyards and fruit farms. Biking and running are also popular in the area as we play host to a number of organized events and races throughout the year.
Grimsby is an easy 15 minute drive from Hamilton and St. Catharines; 30 minutes from Niagara Falls and less than an hour from Toronto. For a road map and directions click here.
Property information