Residentiae.
For Sale · Cornerstone

50-52 & 54 PARK Road N

Cornerstone · L3M2P3

$1,999,999

Bedrooms
Bathrooms
Parking
9,700Sq Ft
3Storeys

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

Mortgage calculator

Estimated monthly payment

$9,353/mo

Amortization

Loan amount

$1,599,999

Down payment

$400,000

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

Cornerstone

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

0–14
16%
15–24
11%
25–44
23%
45–64
29%
65+
21%

Tenure

83% owners17% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently 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.

Private viewings

Arrange a private viewing of 50-52 & 54 PARK Road N.

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