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Listed 7 months ago

37 Bartlett Avenue

542 - Grimsby East, Grimsby

$13,500,000

Detached|Bungalow
4 | 3 | 12
About this home

An exceptional, fully approved development site in the rapidly expanding community of Grimsby. 37 Bartlett Avenue presents a rare opportunity to acquire a shovel-ready project featuring 5 blocks 4 storeys 112 stacked urban townhomes, strategically positioned between the GTA and Niagara Region--one of Ontario's fastest-growing housing corridors. This offering delivers immediate scale, efficiency, and speed-to-market, eliminating lengthy entitlement timelines. Surrounded by established residential communities, natural amenities, and convenient highway access, the site is ideally suited to meet the strong and growing demand for attainable housing in the region. Recent announcements by Doug Ford and Mark Carney to expand 13% HST rebates to all new home buyers and further reduction on development fees are expected to significantly stimulate demand and improve absorption rates across new construction projects. This unprecedented cost reduction materially enhances affordability, accelerate sales velocity, and strengthens developer building outcomes. This site enjoys highly sought after premiums namely forever Escarpment view and everlasting forest, adjacent ravine, massive woods and greenery, and breathtaking tranquility. It Is close to all amenities Including parks, beaches, trails, public transit, shopping, restaurants, and newly built schools and hospital. This site has an easy access to Hwy QEW with quick rides to GTA and Niagara Falls. Location wise, Grimsby is just like crown jewel shining right between Lake Ontario and Niagara Escarpment which enjoys both water and mountain-like gorgeous views. With new GO Train station coming, Grimsby can only be better and brighter. A true golden location. Whether you are a developer/builder, institutional investor, purpose-home builder, or long-term care/ retirement housing operator, this site offers a compelling blend of approved density, macroeconomic support, and strategic location. Pride of ownership!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$11,939
Lot Size617.57 ft x 413.21 ft
mls© NumberX12935628
Listed ByCANADA HOME GROUP REALTY INC.

Listing History

  • No recent sale history for this listing.
  • 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%
$69,099
Property tax
$995
Heat allowance
$150
Housing costs
$70,244 / mo

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

Down payment20% · $2,700,000
25-yr amortization

Income needed

$2,161,000

gross annual household income

Payment at 4%
$56,810 / mo
Cash down
$2,700,000

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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