Grimsby, Grimsby Beach (540), L3M 2M6
$1,099,000
Listed by HOMELIFE MIRACLE REALTY LTD.
This exceptional income-producing property offers over 8% cash flow with a gross annual revenue exceeding $96K. Fully tenanted on month-to-month leases, this property includes 3 kitchens, 3 laundries, 7 bedrooms, and 5 washrooms. Approved permits are in place to build a double-car garage with additional units, providing great expansion potential. The large 80 by 123 ft. yard offers a serene and private setting, ideal for relaxation or hosting outdoor gatherings. Located just minutes from the beautiful lakeside neighborhood of Bal Harbor, walk to Lake, Parks, Be part of an amazing, quiet, peaceful community. Easy access to Bell Park, recreational activities, the Bruce Trail, conservation areas, farmers markets, shopping, dining and wineries. Commuters will appreciate the quick access to the QEW. This property is a perfect blend of excellent rental income potential and a prime location.
Dishwasher,Dryer,Gas Oven/Range,Gas Stove,Microwave,Range Hood,Refrigerator,Smoke Detector,Stove,Washer,Window Coverings,Negotiable,3 Stove, 3 Fridges , 3 Washer And Dryers, Dish Washer And Other Chattels Shown In The Pictures And Belonging To The Seller
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Kitchen
Dining Room
Living Room
Bonus Room
Bedroom Primary
Bedroom
Bedroom
Recreation Room
Bedroom
Bedroom
Kitchen
The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.