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542 - Grimsby East, Grimsby
$699,000
Solid bungalow in a desirable Grimsby location, ideally situated directly across the street from a park and walking distance to Main St. The updated main floor features a bright, open-concept layout with a modern kitchen, 2 bedrooms and a full bath. The lower level offers an additional bedroom, full bath and excellent in-law suite potential. A great opportunity for you families, first time buyers or those upsizing from a condo in a family-friendly neighbourhood close to parks, schools, shopping and amenities.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | 31-50 |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,941 |
| Lot Size | 34.45 ft x 100 ft |
| mls© Number | X13871262 |
| Listed By | RE/MAX ESCARPMENT 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%
- $3,578
- Property tax
- $328
- Heat allowance
- $150
- Housing costs
- $4,056 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$125,000
gross annual household income
- Payment at 4%
- $2,942 / mo
- Cash down
- $139,800
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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