$1,999,999
Est. payment $8,856/moCalculate yours
50-52 & 54 Park Road N, Grimsby, ON L3M 2P3
542 - Grimsby East, Grimsby, ON L3M 2P3
- 6 Beds
- 2 Baths
- 6 Garage
- 3,000 Sq Ft
Listing courtesy of RE/MAX ESCARPMENT GOLFI REALTY INC. MLS® X13152596
About this home
Rare opportunity to acquire a unique multi property offering in the heart of Grimsby, consisting of 50-52 and 54 Park Road North, being sold together. Known as the historic Gadsby Property, this exceptional package combines approximately 9,700 sq ft of industrial/manufacturing space with two residential dwellings, creating outstanding potential for live/work use, investment, redevelopment, or repurposing opportunities. The industrial component features a gated entry and a substantial 3 storey manufacturing building, historically operated as a boot manufacturing facility since the 1940s. The space offers excellent versatility for future commercial, industrial, or mixed-use possibilities. Complementing the property are two residential homes, including a beautifully maintained and renovated heritage residence offering over 3,000 sq ft of living space with timeless architectural details, spacious principal rooms, modern kitchen finishes, and multiple bedrooms. A second detached dwelling further enhances the flexibility and income potential of the site. Ideally located minutes from the QEW in the growing Town of Grimsby, this is a rare opportunity to secure a landmark property with significant future potential. Properties being sold as is.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 3,000 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 2
- Kitchens
- 1
- Basement
- Full, Walk-Up
Building & Systems
- Heating
- Radiant (Gas)
- Cooling
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Concrete Block, Poured Concrete
- Roof
- Asphalt Shingle, Metal
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 103 x 225 Feet
- Parking
- Attached garage · 16 total
- Zoning
- ND, R2
Financial
- Property Taxes
- $8,940 (2025)
Location
- Neighbourhood
- 542 - Grimsby East
- Cross Street
- Central Ave
- Direction Faces
- East
Listing
- MLS® Number
- X13152596
- Days on Market
- 151
- Listed On
- 2026-05-20
- Possession
- Flexible
- Listed By
- RE/MAX ESCARPMENT GOLFI REALTY INC.
Rooms
Features
Interior
- Carpet Free
- Other
Property
- Hospital
- Lake/Pond
- Park
Pool
- None
- Included
- Other
- Excluded
- N/A
- Rental items
- N/A
Mortgage calculator
Estimated mortgage payment
$8,856 per month
- Principal and interest
- $8,856
- Property tax
- $745
- Condo fees
- $0
- Estimated monthly cost
- $9,601
Your mortgage
- Mortgage amount
- $1,599,999
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,056,670
Cash to close
- Down payment
- $400,000
- Land transfer tax
- $36,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $436,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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