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540 - Grimsby Beach, Grimsby
$699,900
Welcome To 79 Olive Street, A Detached 3+1 Bedroom, 2 Bathroom Bungalow Situated On An Oversized 60 X 100 Ft Lot In The Heart Of Grimsby! Offering 1,045 Sq Ft Above Grade (As Per iGuide Floor Plan) Plus A 994 Sq Ft (As Per iGuide Floor Plan) Fully Finished Basement - Over 2,000 Sq Ft Of Living Space. This Property Presents An Excellent Opportunity For First-Time Buyers, Families, Investors, Or Those Looking For Multi-Generational Living. The Main Level Provides A Spacious Eat-In Kitchen With A Walkout To Your Backyard Oasis, An Oversized Living/Dining Space, 3 Spacious Bedrooms, & A 4-Piece Bathroom. The Fully Finished Lower Level Features A Separate Entrance, Kitchen, Living Area, Bedroom, 4-Piece Bathroom, & Gas Fireplace, Providing Fantastic In-Law Suite Or Additional Income Potential. Step Outside And Enjoy Your Backyard Oasis, Highlighted By A Beautiful In-Ground Heated Pool With Slide, Hot Tub, Mature Gardens, And Plenty Of Space To Relax, Entertain, And Enjoy The Warmer Months. The Property's Beautiful Gardens And Flowers Were Recognized With The Annual Trillium Award In 2010 Through The Grimsby Garden Club, A Testament To The Care And Pride Of Ownership Found Throughout The Property. Parking Is Never An Issue With A Private Driveway Accommodating Up To Four Vehicles, Plus A Generously Sized Single-Car Garage That Can Comfortably Accommodate A Large Vehicle And Features A Workshop And Tool Storage Area At The Rear, Providing Parking For Five Vehicles In Total. Ideally Located Close To Local Schools, Parks, Downtown Grimsby, Shopping, Restaurants, Lake Ontario, And Grimsby's Waterfront Amenities, With Convenient Access To The QEW For Commuters. Enjoy Everything This Growing Niagara Community Has To Offer, From Its Charming Downtown And Lakefront Parks To Nearby Trails And The Niagara Escarpment. A Property With Incredible Potential, A Versatile Layout, And A Generous Lot In An Established Grimsby Neighbourhood - An Opportunity Not To Be Missed!
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,059 |
| Lot Size | 60 ft x 100 ft |
| mls© Number | X13800852 |
| Listed By | RE/MAX EXPERTS |
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%
- $3,582
- Property tax
- $422
- Heat allowance
- $150
- Housing costs
- $4,154 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$128,000
gross annual household income
- Payment at 4%
- $2,945 / mo
- Cash down
- $139,980
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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