545 Main St W
Grimsby, L3M 1T7
FOR SALE
$3,290,000
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3
BEDROOMS3
BATHROOMS1 + 1
KITCHENS6
ROOMSX9701753
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Property Description
Incredible opportunity to own a self storage facility in the growing area of Grimsby. 7.7 CAP. Almost 2 acres of land. 114 units comprised of 26 climate controlled units and the rest drive up units and tons of parking spots. Property also includes a 3 bed, 2 bath bungalow with an in-law suite, creating the opportunity for the Buyer to live in the residence, rent out both spaces, or even potentially severing off the bungalow and keeping the self storage business.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-08-30 | 2024-10-29 | 60 | $3,390,000 | - | Suspended |
2024-07-23 | 2024-08-30 | 38 | $3,490,000 | - | Suspended |
2024-04-29 | 2024-07-16 | 78 | $3,490,000 | - | Terminated |
Extras
Climate controlled facility has an office and washroom. Old rustic barn beside climate controlled building that could be knocked down to create more parking or rebuilt to create more units.
Property Features
Marina, Park
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Property Details
Street
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
289' x 317'
Fronting
South
Taxes
$16,206 (2023)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
40
Driveway
Available
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Foyer | Main | 4.27' x 11.52' | |
Living | Main | 11.91' x 15.85' | |
Kitchen | Main | 10.99' x 21.92' | Eat-In Kitchen |
Prim Bdrm | Main | 13.75' x 14.17' | |
Br | Main | 10.01' x 10.76' | |
Br | Main | 9.09' x 10.66' | |
Kitchen | Bsmt | 10.83' x 14.83' | |
Rec | Bsmt | 11.09' x 24.90' | |
Other | Bsmt | 8.43' x 16.17' | |
Other | Bsmt | 11.09' x 12.76' |
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Grimsby Market Statistics
Grimsby Price Trend
545 Main St W is a 3-bedroom 3-bathroom home listed for sale at $3,290,000, which is $2,400,125 (269.7%) higher than the average sold price of $889,875 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 3 bedroom home in Grimsby increased by $118,209 (15.3%) compared to the previous 30 day period (September 1 - September 30) and up $127,375 (16.7%) from the same time one year ago.Inventory Change
There were 21 3-bedroom homes listed in Grimsby over the last 30 days (October 1 - October 30), which is down 0.0% compared with the previous 30 day period (September 1 - September 30) and up 5.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Grimsby typically sold ($16,587) (1.9%) below asking price over the last 30 days (October 1 - October 30), which represents a $8,313 increase compared to the previous 30 day period (September 1 - September 30) and ($12,749) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Grimsby over the last 30 days (October 1 - October 30) stood at 76.2%, up from 42.9% over the previous 30 days (September 1 - September 30) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Grimsby stood at 38 days when successfully sold over the last 30 days (October 1 - October 30), compared to 38 days before being removed from the market upon being suspended or terminated.Listing contracted with Grange Hall Realty Inc.
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