$799,998
Grimsby
374 Book Road, Grimsby (Grimsby Beach), Ontario, L3M2M6
This 5-bedroom, 5-bathroom home in Grimsby is for sale offering roughly 1,300 sq ft of space. Its $799,998 asking price sits right in line with the $799,998 median in Grimsby.
Beautiful Detached House for Sale in Grimsby beach community, Over 10,000 sq ft. Corner lot, walking distance to Lake Ontario, Don't miss this rare income-generating opportunity in the heart of South Grimsby, just minutes from the serene shores of Lake Ontario. This spacious and well-maintained detached bungalow offers a flexible layout ideal for investors or multi-generational living. Currently fully tenanted on month-to-month leases, the home features 3 self-contained kitchens, 3 private laundry areas, 7 bedrooms, and 5 full bathrooms, offering strong and steady rental income potential. Sitting on a generous 80 x 124 ft. lot, the property also includes approved permits to build a double-car garage , providing excellent opportunity for future expansion and added value. Whether you're looking to grow your investment portfolio or live in one unit while renting the others, this home delivers unmatched versatility. The private backyard is surrounded by mature trees, creating a peaceful outdoor retreat perfect for relaxing or hosting gatherings. The location is ideal just a short stroll to Bal Harbor, with lake access, scenic parks, and quiet residential charm. Enjoy close proximity to Bell Park, the Bruce Trail, local conservation areas, farmers markets, shopping, dining, and some of Niagara region's best wineries. Commuters will love the easy access to the QEW, connecting you to both the Niagara Region and the GTA in minutes. This property offers a unique blend of immediate rental income, future development potential, and a prime location near nature, amenities, and transit. an excellent investment in one of Grimsby most peaceful and picturesque neighborhoods. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 61 days on market, against an average age of 57 days across the listings currently for sale in this city
This 5-bed single family in Grimsby (Grimsby Beach) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $799,998, about 7.7× the local median household income of $104,000.
Carrying it typically needs a household income of about $156,268 (20% down, 25-yr amortization, stress-tested) — roughly 50% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3M)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.