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Grimsby,ON L3M 2M6
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
MLS Listing ID X8468950
Style Backsplit 3
Bedrooms 4
Annual Tax Amount $4,298
Tax Year 2023
Property Description
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.
Location
Province ON
County Niagara
Rooms
Family Room No
Basement Apartment,Crawl Space
Kitchen 3
Separate Den/Office 2
Interior
Interior Features Water Heater,Water Heater Owned,Accessory Apartment,Carpet Free,In-Law Suite,Other
Cooling Central Air
Fireplaces Type Electric
Fireplace Yes
Exterior
Exterior Feature Landscaped
Garage Private
Garage Spaces 7.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Parking Type None
Total Parking Spaces 7
Building
Unit Features Fenced Yard,Lake Access,Park,School Bus Route,Public Transit
Foundation Concrete Block,Unknown
Others
Security Features Carbon Monoxide Detectors,Smoke Detector