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Listed 2 months ago

37 Lorne Avenue

540 - Grimsby Beach, Grimsby

$725,000

Detached|Bungalow
3 | 2 | 4
About this home

PEACEFUL LAKESIDE LIVING AWAITS ... Nestled in a mature, tree-lined Grimsby neighbourhood just a short walk from Lake Ontario, 37 Lorne Avenue is a charming 3-bedroom brick bungalow set on a beautiful 61' x 100' treed lot. Freshly painted throughout, this inviting home features timeless hardwood floors and a bright, open living room filled with natural light. The recently renovated, finished basement adds valuable living space with a cozy recreation room featuring a gas fireplace, plus a convenient fruit cellar for additional storage. Outside, enjoy a private, fully fenced backyard and a generous 16' x 12' covered deckperfect for morning coffee, summer entertaining or unwinding in the shade. The detached 1.5-car garage offers approximately 500 sq. ft. of space with power, providing excellent room for parking, a workshop or additional storage. What truly sets this home apart is its wonderful lakeside setting. The Park is just a short stroll away, offering scenic walking paths, a baseball diamond, kids play park, open green space and beautiful Lake Ontario sunsets. Imagine peaceful morning walks by the water, relaxed family picnics and evening strolls along the shoreline-all close to home. Moments from charming downtown Grimsby's shops, restaurants and community amenities, with Niagara wineries, scenic conservation areas and outdoor recreation all within easy reach. Convenient highway access makes travel throughout Niagara, Hamilton and the GTA a breeze. A special opportunity to enjoy bungalow living in a quiet, mature neighbourhood close to the lake!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,779
Lot Size61 ft x 100 ft
mls© NumberX13718594
Listed ByRE/MAX ESCARPMENT REALTY 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%
$3,711
Property tax
$398
Heat allowance
$150
Housing costs
$4,259 / mo

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

Down payment20% · $145,000
25-yr amortization

Income needed

$131,000

gross annual household income

Payment at 4%
$3,051 / mo
Cash down
$145,000

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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