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Price Change$1,199,000

56 Vinifera Drive

542 - Grimsby East, Grimsby

$1,049,000

Detached|2-Storey
4 | 4 | 4
About this home

***Backing On Park And Kids PalyGround***Gate On Rear Fence Direct Access To The Playgrand***View of Lake from Balcony***Unblocked Views Of Escarpment***Detached 2-Storey Brick House.Lovely ,Bright,Sunny And Neat,Hardwood Floor On Main And Second Floor,Ss Appliances,Basement Finished (2022).Roof(2019),$50,000+ on Hardscaping backyard and side walks.Direct Access To Garage ,Concrate Patio +Perennial Flowers Around Front And Back,Janpaness red maple and green maple in the front.Sunroom,Garden Shed.minutes walk to the West Niagara Secondary School(WNSS).close to shops,resturants,highway,banks.(Photos taken prior to the tenants moving in)

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$6,698
Lot Size37.73 ft x 101.71 ft
mls© NumberX12917458
Listed ByCrestview Real Estate Inc.

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,369
Property tax
$558
Heat allowance
$150
Housing costs
$6,077 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $209,800
25-yr amortization

Income needed

$187,000

gross annual household income

Payment at 4%
$4,414 / mo
Cash down
$209,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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