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.
Address
32 - 382 Winston Road
List Price
$749,999
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
sale
Area
Grimsby
Sub-Area
540 - Grimsby Beach
Region
Niagara
Lot Size Source
MPAC
Lot Depth
60
Lot Shape
Rectangular
Lot Type
Unit
Lot Size Units
Feet
Lot Width
60
Approx. Age
6 - 15 Years
MLS® Number
X12174731
Listing Brokerage
WEB MAX REALTY INC.
Postal Code
L3M 0H2
Tax Amount
$7,298.00
Tax Year
2024
Heat Type
Electric Forced Air
Cooling Features
Yes
Garage Type
None
Security Features
Yes
