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Price Change$869,900

381 Kerman Avenue

540 - Grimsby Beach, Grimsby

$824,900

Detached|2-Storey
3 | 3 | 6
About this home

Some homes are about what they are today. Others are about what they could become. Welcome to 381 Kerman Avenue, a spacious executive home in an established Grimsby neighbourhood, just a short walk from Lake Ontario, close to two elementary schools and conveniently located near highway access. Construction began in 1988, and the original owners moved in in 1989, raising their family here and carefully maintaining the home for more than 35 years. While the finishes reflect the era in which it was built, the size, layout and potential are difficult to replicate in today's market. the moment you step inside, the generous proportions are evident. A large foyer with curved staircase opens to spacious living and dining rooms, offering a traditional layout that could easily evolve with today's lifestyle, including the option for a home office or additional sitting area. The large eat-in kitchen provides plenty of room to reimagine the heart of the home and features a walkout to the backyard deck. Just beyond is the sunken family room with a wood-burning fireplace, creating a warm and inviting gathering space.Upstairs are three generously sized bedrooms, including an impressive primary suite with a walk-in closet, large ensuite and private balcony. There is also builder-designed space above the garage offering future potential for a fourth bedroom, office, studio or additional living space. The full unfinished basement, complete with a bathroom rough-in, provides even more opportunity to create exactly what your family needs.Set on a premium corner lot with nearly 80 feet of frontage, with an attached double garage and mature landscaping, this is a home with the space and foundation to become something truly special. For buyers who can see beyond cosmetic updates, 381 Kerman Avenue offers the opportunity to modernize a substantial, well-cared-for family home in a desirable Grimsby location and create a property that would be incredibly difficult to reproduce today.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age31-50
Size2000-2500 sq. ft.
Property Tax$6,572
Lot Size79.32 ft x 100 ft
mls© NumberX13779756
Listed ByA.G. ROBINS & COMPANY LTD, BROKERAGE

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%
$4,222
Property tax
$548
Heat allowance
$150
Housing costs
$4,920 / mo

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

Down payment20% · $164,980
25-yr amortization

Income needed

$151,000

gross annual household income

Payment at 4%
$3,471 / mo
Cash down
$164,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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