Known for its laid-back lifestyle along with its close proximity to major urban centres, the town of Grimsby has emerged as a popular destination for young families who are looking for a suitable place to grow. This small town was named after an English fishing town and currently has a population of 27,314 residents. It also has the distinction of being ranked in successive years as one of Canada’s top 100 places to live by MoneySense. The affluence of this town defined by an average household income of $92,038 has grown from being a small rural village into the hub of a fruit growing industry in the Niagara Peninsula. This has been a remarkable rise that has resulted in the establishment of a network of neighborhood amenities. Besides local stores, schools and services, Grimsby is served by a downtown core that contains the famous Grimsby Art Gallery and Public Library, a 15000-artifact-strong Grimsby Museum, and the West Niagara YMCA. Beyond the downtown core, there are other local landmarks and attractions as well which include the whiskey tastings at Forty Creek Distillery, the Casablanca Beach and the waterfront trail along Lake Ontario. Top ranked for its abundance in community and health facilities, Grimsby provides extensive health care coverage at a rate of 100 doctors for every 100,000 residents in addition to servicing the community with its full-service recreation facility Grimsby Peach King Centre, which is home of the OHL Grimsby Peach Kings.
List of New Condos in Grimsby
Why invest in Grimsby Real Estate?
The town of Grimsby is located in the Niagara Region’s northwest-most area. It enjoys a convenient location at the crux of the Golden Horseshoe that puts it within an easy commute of both the economy of the Greater Toronto Area as well as the United States of America border. Surrounded by beautiful vistas at the base of the Niagara Escarpment, this popular starting point for Niagara region wine tours features city-style amenities and a robust health system. And, with young families making up many of their newest arrivals, this affluent community boasts an above-average growth rate that has made it one of the fastest-growing municipalities in the country. As a testament to the respect and care for its heritage, this town contains a large collection of pre-1812 houses that include the 1798-built Nelles Manor and the colourfully-restored former Methodist summer Bible camp cottages that have become known as the Painted Ladies of Grimsby. Top ranked for its community and health facilities, this town provides extensive health care coverage at a rate of 100 doctors per every 100,000 residents in addition to servicing the community with its full-service recreation facility Grimsby Peach King Centre, home of the OHL Grimsby Peach Kings.
With several local amenities available all around and a vast array of houses to choose from, this place is definitely worth investing it. Whether you plan to make it your home or simply invest in a condo for income and profit, there is something for everyone. The town has already seen its share of young families moving in as it has been regarded as one of the best places to live in the country. Investing in a condo here will be a profitable option as there will be no trouble in finding tenants. While the occupancy is still low, the current development phase along with the implementation of several new transportation facilities are sure to drive up the population within a few years. On the other hand, if you plan to invest here to call it home, then there is nothing better than waking up every morning next to the waterfront and enjoying the beautiful views of Lake Ontario.
Located at the southern shores of Lake Ontario and set along busy transportation corridors, Grimsby makes for an ideal commuting suburb. The Queen Elizabeth Way bisects the town and passes through its central core and is considered as the town’s most important transportation outlet. As the midway point between Hamilton and St. Catharine’s, motorists can swiftly drive to downtown Toronto in just 75 minutes. Although cars make up the town’s primary mode of transportation, residents can look forward to opening up their commuting options with GO Transit’s Lakeshore West railway expansion. Currently plans have the Confederation GO Station opening just outside the town western border in Hamilton. On the other hand, Niagara Region train service is expected to arrive in Niagara Region by 2021. With the new service and a local stop planned at the Casablanca Boulevard interchange, local residents can come to soon expect regular, two-way weekday train service to Union Station.
Average Prices of Condos in Grimsby
The average selling price of a pre-construction condos in the Town of Grimsby for 2019 stood at $404,900. New listings for this year have been seen at a price of $528 per square foot, while the prices continue to see a hike of 4.9 year over year. The average resale price for all types of houses which include condos, in the Town of Grimsby for 2019 was approximately $539,549, which is a hike of about 5.2 percent compared to the previous year. The demand for housing stands strong in Grimsby as the current rate of vacancy sits at 0.5 percent.
It is because of all these reasons that it is easy to understand why Grimsby has been named one of the fastest growing municipalities in Canada. Also, with the growing number of residential condo developments that is emerging throughout the town as well as its waterfront, it is also quite evident how and why it has attracted so many young families, which gives the town the youngest average for residents in the region at 43.