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Price Change$1,495,000

31 Victoria Terrace N

540 - Grimsby Beach, Grimsby

$1,399,000

Detached|2-Storey
3 | 2 | 2
About this home

31 Victoria Terrace, Grimsby Ontario. Located in Historic Grimsby Beach, a quaint little beach community, on city sewer and water. Fronting on Lake Ontario with a fantastic view of Toronto. Easy access to QEW, both Niagara and Toronto bound. Beautiful Victorian with 4 bedrooms, 2 washrooms and beautiful gourmet kitchen. Surrounded by parklands, this home has been extensively updated. Driveway and courtyard are poured concrete. On the west side of the home is another deeded waterfront lot. On the east side of the home, a closed road allowance. Adjacent to that is a municipally owned lot (never to be built on). So lots of privacy is assured. The beach (approx. 1/4 mile long) and fishing pier within steps. Enjoy watersports, swimming or just plain beaching. It's like living at the cottage all year round without the hassle of sitting in traffic for hours.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$6,620
Lot Size40.09 ft x 50.11 ft
mls© NumberX13436304
Listed ByROYAL LEPAGE NRC REALTY

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%
$7,161
Property tax
$552
Heat allowance
$150
Housing costs
$7,862 / mo

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

Down payment20% · $279,800
25-yr amortization

Income needed

$242,000

gross annual household income

Payment at 4%
$5,887 / mo
Cash down
$279,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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