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055 - Grimsby Escarpment, Grimsby
$1,199,000
Imagine living in your dream home that you built, on the Niagara Escarpment Ridge, offering a stunning view of Grimsby and the Lake! This rare Escarpment building lot measures 110'x 863',providing almost two acres of private, wooded land. The property boasts a private woodlot with trails and direct access to the Bruce Trail. Mature pines and conifers create a Carolinian forest, making it a perfect haven for nature enthusiasts. This property has great development potential with plenty of level land, ideal for building any style of home. There's plenty of room for amenities like a pool, barn, walking trails and a play court. This fabulous location, just south of Grimsby, is close to local amenities and top school districts. Easy access to the QEW makes commuting to Oakville or the border a breeze. The existing house on the property is comfortable and well-appointed, featuring an updated gourmet kitchen, generous family and dining rooms with a fireplace, a primary bedroom with a semi-ensuite, a main floor office or den and a spacious basement with additional utility rooms. This great investment opportunity is offered at a reasonable price, providing an excellent chance: buy now, rent it out until you're ready to build and enjoy the long-term value.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $6,700 |
| Lot Size | 110 ft x 863 ft |
| mls© Number | X13714736 |
| Listed By | Royal LePage NRC 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%
- $6,137
- Property tax
- $558
- Heat allowance
- $150
- Housing costs
- $6,845 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$211,000
gross annual household income
- Payment at 4%
- $5,046 / mo
- Cash down
- $239,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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