374 Book Road No longer available

Grimsby, L3M 2M6

$1,099,000

Description

Listed by HOMELIFE/MIRACLE REALTY LTD.

Do Not Miss 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 124 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.

just off the QEW, near the lake and boasts great future development potential with some permits already in place. Situated on a huge corner lot, offers positive cash flow from the start, generating $8,000 per month in gross income.

Location

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  • Address: 374 Book Road
  • Neighborhood:
  • City: Grimsby
  • State: Ontario
  • Postal Code: L3M 2M6

Property Video

Property Details

  • Property ID: X8468950
  • Property Price: $1,099,000
  • Style: Detached, Backsplit 3
  • Sq/Ft: 1100-1500
  • Rooms: 9+2
  • Bedrooms: 4+2
  • Bath: 5
  • Parking Spaces: 7
  • Year Built: 51-99
  • A/C: Central Air
  • Basement: Apartment, Crawl Space
  • Den: N
  • Elevator: N
  • Exterior: Alum Siding, Brick
  • Heating: Forced Air
  • Fireplace: Y
  • Taxes: $4,298.00 (2023)
  • Acreage: < .50 Acres
  • Lot: 124.00x80.00 (Feet)

Room details and dimensions

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Average days on market for similar Detached homes in

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Property History

This property has been sold 4 times before. To view this property's sale price history please sign in or register:


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Recently Sold

    • Sold 160 days ago

    858 Cabot Trail

    Milton, Dorset Park, L9T 3S8

    $1,099,900

    $000000

  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 576 - 2100

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