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540 - Grimsby Beach, Grimsby
$824,900
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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 31-50 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $6,572 |
| Lot Size | 79.32 ft x 100 ft |
| mls© Number | X13779756 |
| Listed By | A.G. ROBINS & COMPANY LTD, BROKERAGE |
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%
- $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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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