|Price/sqft||$1,000-$1,400 per sqft|
|Studio Price/sqft||$400K – $500K|
|1-Bedroom Price||$600K – $750K|
|1-Bedroom + Den Price||$650K – $825K|
|2-Bedroom Price||$850K – $950K|
|3-Bedroom Price||$900K – $1.5 Million|
|1-Bedroom + Den Rent||$2,400-$2,850/month|
Why Should You Invest In Grimsby Real Estate?
The real estate market in Grimsby is performing great as compared to other provinces. According to The Real Estate Investment Network (REIN) report by taking 36 economic and market factors into account, St. Catharinesand Grimsby real estate markets are doing better than the rest of the provinces. Grimsby is ranked as 10th best Ontario communities to make an investment in the real estate market according to the list provided in the report.
The report highlights the following real estate prices in Grimsby,
– The average sold price of the properties is increased to 58.8% over the years.
– The median price of Grimsby houses that are put on sale stands at $534,450.
The real estate market in Grimsby has all the potentiality for any long-term investment. Based on its performance for development in the real estate market, it is expected to do better in the next few decades. Rather than looking for quick returns, investors can go long-term profitswhile making their investment in this market.
Living in Grimsby Condo
The last few years have seen significant growth in the real estate market in Grimsby. With its magnificent geographical location i.e., the midtown between St. Catharines and Hamilton, it attracts the attention of all the investors around. The running of Queen Elizabeth Way across the town, amenities like parks, schools, art galleries, libraries, clubs, recreation centers, etc. give the residents all the feeling of luxurious and convenient life here. The town is thus, expected to have a consistent hike in housing prices over the next few years. The place is perfectly set to transform into a hottest real estate destination in a few future years. With a number of its benefits, such as affordable housing, amenities that are easy at hand, and convenient connectivity to Toronto, it offers a great opportunity to all the investors and homebuyers around.
Grimsby Real Estate Market Trends
Grimsby is an attractive town to invest in real estate. It saw an increase ofabout 58.8% of the average selling price over the years. The increasing real estate demand in Grimsbyis attracting the attention of all the investors, developers, and homebuyers in the city. This place has witnessed a rise in condo constructions with many developers around such as Homes by LIM Developments, DeSantis, and Rosehaven Homes Limited, etc. having a boon in real estate development.
– The average selling price of housing stands at $589,900 in December 2018.
– Median condo listed price per sq. ft. is $607.
– The median price for a low-rise home per sqft is $298.
Grimsby Transit Options
Grimsby has roadway extended till 171 km, sidewalk till 93 km allowing wide road network to promote convenient traveling to all the Condominiums. The Queen Elizabeth Way (QEW) runs across the townthat offers easy and convenient access to Hamilton, Toronto, and other nearby areas. Three interchanges that are allowed to access to the Grimsby areChristie Street, Casablanca Boulevard, and Bartlett Avenue.
Grimsby has a train station as well, that is the Grimsby train station. The station is located at 99 Ontario St. Grimsby. Through all the updated specifications, the station offers comfortable travel to all the nearby regions. The bus stations in Grimsby are also convenient because of the closeness to Casablanca Blvd and Ontario St.The town has the nearest train station,i.e., Hamiltontrain station.