49 Ridge Road E
055 - Grimsby Escarpment, Grimsby
$689,000
Fantastic opportunity to own a property with an 80 ft frontage and over 3/4 of an acre lot that is backed on to The Niagara Escarpment and the Bruce Trail with incredible privacy. Live in, Renovate or Tear down / Build the home of your dreams are all potential options. The current home needs a little TLC but offers 2 bedrooms and 1 full bathroom. The primary bedroom is located on the main floor and the second in the loft area. The open concept floor plan in the primary rooms where you can spend most of your time. The double car garage can be used for any hobby you have or for storage. Having a home on the property can offer any buyer the benefits of financing.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,945 |
| Lot Size | 80 ft x 444 ft |
| mls© Number | X14029518 |
| Listed By | CENTURY 21 MILLER REAL ESTATE LTD. |
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%
- $3,527
- Property tax
- $412
- Heat allowance
- $150
- Housing costs
- $4,089 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$126,000
gross annual household income
- Payment at 4%
- $2,899 / mo
- Cash down
- $137,800
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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