5-17 John St
Grimsby, ON L3M 1X4
Land For Sale · 1.59 AC

CBRE Limited (“CBRE”) is pleased to offer for sale 5-17 John Street, Grimsby, Ontario (the “Property” or “Site”), a residential development opportunity. The Site currently has architectural plans ranging from mid to low-rise developments which includes massing concepts. The current plan presented to the Town of Grimsby was a mid-rise site development consisting of +/- 198,616 square feet of gross floor area with 288 units on 10-storeys (refer to Concept A pg 6). The consensus of this meeting was to increase the density in the downtown core which aligns this Site’s plans with the town’s future objectives. The re-zoning of the subject land will be in-line with the Municipalities Downtown Master Plan and in conjunction with the Ontario Government’s “Places to Grow Growth Plan” for the Greater Golden Horseshoe. The Property benefits from close proximity to the Gardiner Expressway/Queen Elizabeth Way (QEW), VIA Rail Station, proposed GO Transit Station, downtown core, premium retail amenities, US, and Lake Ontario. The major advantages of this location are the 3-minute walk to VIA Rail Station and the estimated 2.5-kilometer distance to the proposed Go Train Station, which connects to downtown Toronto and other major cities.