705 Kemp Rd W
055 - Grimsby Escarpment, Grimsby, L3M 4E7
FOR SALE
$2,399,900
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BEDROOMS1
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Property Description
Great Opportunity To Build Your Ever Wanted Dream Home With a Hobby Farm or Invest In For Future Potential. Approx. 91.6 +/- Acre Parcel With Almost 82 Acres Workable, Located Within 5 Minutes To Highway QEW, Costco, Metro and All Other Restaurants, Approx. 15 Minutes to Hamilton, Property Surrounded By Multi-Million-Dollar Homes! Special cropland excellent for green housing, Winery, or fruit farms.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-27 | 2024-10-31 | 162 | $2,999,000 | - | Expired |
| 2023-11-22 | 2023-12-02 | 10 | $2,399 | - | Suspended |
| 2023-09-11 | 2023-11-18 | 68 | $2,699 | - | Terminated |
| 2023-05-07 | 2023-08-31 | 116 | $3,499,000 | - | Expired |
| 2023-07-11 | 2023-08-26 | 47 | $2,499 | $2,500 | Leased |
| 2022-11-09 | 2022-12-24 | 45 | $2,999,000 | - | Suspended |
| 2022-07-21 | 2022-10-20 | 93 | $3,999,888 | - | Expired |
| 2021-09-18 | 2021-12-01 | 75 | $2,099,000 | $1,850,000 | Sold |
Extras
Currently, There Is a 3-Bedroom Bungalow With One Washroom. The House & The Farm are Rented Separately. Separate Garages And Large Implements Buildings On Property & Can Be Rented For Extra Income. Very Motivated Seller!
Property Features
Grnbelt/Conserv
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Property Details
Street
Community
City
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
1100-1500
Acreage
50-99.99
Fronting
South
Taxes
$2,800 (2024)
Basement
Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Oil
Air Conditioning
None
Water
Other
Parking Spaces
10
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 12.99' x 15.42' | Eat-In Kitchen |
| Living | Main | 13.42' x 15.32' | |
| Family | Main | 11.42' x 12.40' | |
| Br | Main | 8.07' x 13.25' | |
| 2nd Br | Main | 8.76' x 10.76' | |
| 3rd Br | Main | 8.66' x 13.68' | |
| Mudroom | Main | 8.07' x 15.91' |
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Grimsby Market Statistics
Grimsby Price Trend
705 Kemp Rd W is a 3-bedroom 1-bathroom home listed for sale at $2,399,900, which is $1,533,127 (176.9%) higher than the average sold price of $866,773 in the last 30 days (December 5 - January 3). During the last 30 days the average sold price for a 3 bedroom home in Grimsby increased by $51,138 (6.3%) compared to the previous 30 day period (November 5 - December 4) and down $20,727 (2.3%) from the same time one year ago.Inventory Change
There were 8 3-bedroom homes listed in Grimsby over the last 30 days (December 5 - January 3), which is down 46.7% compared with the previous 30 day period (November 5 - December 4) and up 300.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Grimsby typically sold ($38,508) (4.4%) below asking price over the last 30 days (December 5 - January 3), which represents a $3,344 increase compared to the previous 30 day period (November 5 - December 4) and ($24,925) 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 (December 5 - January 3) stood at 287.5%, down from 380.0% over the previous 30 days (November 5 - December 4) and up from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Grimsby stood at 52 days when successfully sold over the last 30 days (December 5 - January 3), compared to 30 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Gold Realty Inc.
Similar Listings
Welcome to this expansive 9 acre property offering a unique blend of residential comfort, a commercial greenhouse and acres of fertile land strategically located near main roads and transport routes for convenient access and only 10 mins from the QEW. Boasting 351 ft of frontage and 874 ft of depth providing ample space for various endeavours. The main residence, a charming 1,315 sq ft home with an unfinished basement, features hardwood and tile flooring throughout its 3 bedrooms and 1 bathroom. Modern amenities include an updated breaker panel, a 1800-gallon cistern, and fiber high-speed internet connectivity. Adjacent to the residence lies a remarkable glass Venlo greenhouse allowing year round growing opportunities and spanning 54,000 sq ft, equipped with natural gas furnaces, 600V 3-phase electrical service and a 3200 sq ft insulated Barn/Storefront with office space, lunch room, two cashier stations, a Walk-in insulated cooler, ideal for agricultural pursuits. The property also includes two gravel car parking lots, a back gravel loading area, an outdoor covered area and bench area for added convenience and a 140x110 deep pond feeding the greenhouse. Additional features comprise 2 sea cans, a 2 Bay Loading Area with ample storage and a fenced-in chicken coop area spanning 6,000 sq ft. With its versatile infrastructure and expansive grounds, this property presents a rare opportunity for those seeking a harmonious blend of rural living and commercial enterprise.
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