124 Wolverton Road, Grimsby

$849,900
124 Wolverton Road

$849,900

New
58d
DetachedBungalow

124 Wolverton Road, Grimsby

Total Monthly Obligation $4,289

Beds
3
Baths
2
Park
8
Sqft
700-1100
DOM
58d
Score
17
Yield
4.1%
Cash on Cash
-6.8%
Cap Rate
3.1%
5Y IRR
10.2%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-X13716508
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-100 × 300 ft
Listed on site-Aug 26, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$5,829 (2026)
Parking-9 - Detached
Basement-Finished, Full, Walk-Out
Heating-Forced Air (Gas)
Brokerage-Royal LePage State Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Above Ground
Facing-West
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Septic
Possession-Flexible
Neighbourhood-055 - Grimsby Escarpment
Title-Residential Freehold

No agent assigned

GRIMSBY ESCARPMENT - Welcome to this charming 3-bedroom, 2-bathroom bungalow, beautifully situated on Grimsby's breathtaking escarpment, where peaceful country surroundings meet the convenience of in-town living. Set on just under 3/4 of an acre and backing onto woodlands and open fields, this picturesque property offers exceptional privacy, mature trees, and scenic views in every direction.Step outside and discover a backyard designed for enjoying the outdoors. A spacious deck overlooks the 27-ft saltwater above-ground pool and expansive yard, framed by magnificent century-old willow trees. Whether entertaining family and friends, gathering around a campfire, or simply relaxing and taking in the natural surroundings, this property offers a wonderful setting to enjoy every season.Inside, the bright and inviting open-concept main level features an updated eat-in kitchen with granite countertops, a comfortable living room with vinyl flooring, three well-appointed bedrooms, and a 4-piece bathroom. The recently renovated walk out basement provides additional living space along with a stylish 3-piece bathroom featuring a glass shower and new vanity.A detached single-car garage with hydro adds extra storage and functionality, while the generous driveway provides parking for up to eight vehicles.Ideally located just steps from the Bruce Trail and Adam Dopko Trails, this unique escarpment property truly offers the best of both worlds-a peaceful country setting surrounded by nature, while remaining just minutes from schools, shopping, community centres, downtown Grimsby, and convenient QEW access.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$679,920
Land Transfer Taxes$13,473
Legal Fees (Est.)
$
Total cash required for closing$184,953

Total Monthly Obligation

$4,289/mo
Mortgage $3,428
Monthly Loss $3,387
Principal$902
Interest$2,526
Property Tax$486
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.0%1
5-Year IRR
7.0%18
10-Year IRR
8.3%
Returns Index
10.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$34,920/yr
NOI
$21,099/yr
Net Cash Flow
-$1,670/mo
Cash Margin
-57.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
19.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 124 Wolverton Road

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.