50-52 & 54 PARK Road N
Cornerstone · L3M2P3
$1,999,999
About this residence
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. (id:61366)
Property details
- Property type
- Other
- Style
- Residential Commercial Mix
- Ownership
- Freehold
- Storeys
- 3
- Living area
- 9,700 sq ft
- Frontage
- 103 feet
- Annual tax
- $8,940
- MLS®
- 40831901
- Board
- Cornerstone
- Status
- Active
- Listed
- May 20, 2026
- Updated
- Jun 2, 2026
Features & finishes
Parking
- Attached Garage
Lot
- Paved driveway
Sewer & Utilities
- Municipal sewage system
Financing
Estimated monthly payment
$9,353/mo
Loan amount
$1,599,999
Down payment
$400,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Cornerstone
Nearby
About the area
Census · L3M- 28,433
- Population
- 45
- Median age
- $104,000
- Median income
- $765,000
- Median home value
- 83%
- Home ownership
- 28 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 50-52 & 54 PARK Road N?
50-52 & 54 PARK Road N is listed for $1,999,999, in Cornerstone.
What type of home is 50-52 & 54 PARK Road N?
50-52 & 54 PARK Road N is a Other, Residential Commercial Mix set over 3 storeys.
How large is 50-52 & 54 PARK Road N?
The home offers approximately 9,700 sq ft of living space.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $9,353. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $8,940 per year.
What is the Cornerstone area like?
Cornerstone has a population of about 28,433, a median age of 45, a 83% home-ownership rate, with an average commute of about 28 minutes.
What is the average home value in Cornerstone?
The median dwelling value in this area is approximately $765,000, based on census data via Neighbourly.
What is the median household income in Cornerstone?
The median household income in this area is approximately $104,000.
Similar residences
Comparable Residential Commercial Mix near Cornerstone at a similar price.
Private viewings
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