Why Should You Invest In Grimsby Real Estate?
Grimsby real estate market is outperforming the rest of the province. According to a report by The Real Estate Investment Network (REIN) in which 36 economic and market factors were taken into account, Grimsby and St. Catharines real estate markets were found to be doing better than the rest of the province. Grimsby was ranked 10th in the list of best Ontario communities for real estate investment.
– Grimsby’s average selling price increased 58.8% year over year as compared to the Niagara Region Homes that reported a rise of 21% in prices.
– The median price of a house for sale in Grimsby stands at $534,450.
Grimsby is seen as a market for long-term investment. It is performing decently as of now, but has the potential to do really well in over a decade. Instead of quick returns, investors can expect long-term gains from their investment from this market.
The town of Grimsby saw significant growth in the last few years. It’s prominent geographical location as the midpoint between Hamilton and St. Catharines, and proximity to Toronto has made it an attractive destination for investors. With Queen Elizabeth Way running across the town, it offers high accessibility to residents and visitors. The town offers many amenities and services to its residents, including schools, parks, recreation centres, art galleries, clubs, libraries, museums and more.
Grimsby is expected to see a consistent rise in prices over the years, which is set to turn it into a hot real estate destination in years to come. With its many benefits, including affordable housing, amenities, and closeness to Toronto, it presents a good opportunity for homebuyers and investors alike.
Grimsby Real Estate Market Trends
Grimsby is being seen as a promising town for real estate investment. The town saw an impressive 58.8% increase in average selling price year over year. Demand for real estate is attracting developers, investors and homebuyers to Grimsby. The town has seen a rise in condo constructions with many developers such as Homes by DeSantis, LIM Developments, and Rosehaven Homes Limited choosing Grimsby for condo development. A mix of new high-rise and low-rise condominiums are either in planning stages or in pre-construction.
– Median condo listed sales price stands at $589,900, as of December 2018.
– Median condo listed price per sq ft is $607.
– Median price for a low-rise home per sq ft is $298.
Rising demand for real estate in Grimsby is revolutionising the town into a hot real estate destination. With newer condos and homes being built, it is a destination worth considering.
Grimsby Transit Options
Grimsby has 171 km of roadway, 93 km of sidewalk offering a wide network of roads for convenient travelling. The Queen Elizabeth Way (QEW) runs through the town, offering easy access to Toronto, Hamilton and other areas. Three interchanges allow access to the Town of Grimsby: Casablanca Boulevard, Christie Street and Bartlett Avenue.
Grimsby has a train station: Grimsby train station, located at 99 Ontario St, offering comfortable travel to nearby cities. Bus stations of Casablanca Blvd and Ontario St are also close by. The nearest GO train station is the Hamilton GO train and bus station.
New development projects in the nearby area are Niagara Falls New Homes, Brantford New Homes, Burlington New Condos and Hamilton New Condos.
Price:Mid 400sNo. of units:63Storeys:3Developer:Phelps HomesAddress:22 John St, GrimsbyAdded to Compare ListCompare