58 Windward Drive, Grimsby

$729,900
58 Windward Drive

$729,900

New
29d
Condo Townhouse3-Storey

58 Windward Drive, Grimsby

Total Monthly Obligation $4,015

Beds
3
Baths
3
Park
1
Sqft
2000-2249
DOM
29d
Score
20
Yield
5.9%
Cash on Cash
-1.7%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.5%
Property Type-Condo Townhouse
MLS® Number-X13822476
Beds-3
Bathrooms-3
Size-2000-2249 sqft
Listed on site-Sep 24, 2026
Style-3-Storey
Building Type-Condo Townhouse
Age-0-5
Taxes-$4,939.33 (2026)
Maintenance-$458.73/mo
Locker-Ensuite
Parking-2 - Built-In
Basement-None
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS EDGE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stucco (Plaster)
Roof-Flat
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-540 - Grimsby Beach
Title-Residential Condo & Other

No agent assigned

Opportunity knocks once in Grimsby-On-The-Lake. Enjoy waterside living at its finest, where Niagara's wine country meets this boutique urban village with shops, restaurants and a GO Station just footsteps from your door. This stunning condo town, part of the sold-out Odyssey development from 2023, is now available for resale by the original owner, making it the only townhome currently available in this highly sought-after community. Inside you'll find 3 beds, 2.5 baths and 2077 square feet of sun filled living space, plus a 70' balcony off the primary suite and a bonus 210' rooftop patio. With a built-in garage & driveway, you have parking for 2 and the best of both worlds with the privacy of your own home plus the added benefit of full access to the endless amenities of Odyssey Condos. Built by Rosehaven Homes, known for their excellence in design & quality construction for over 30 years, this development is jam packed with amenities from the high-rise rooftop patio with BBQs & outdoor dining, to the gym, yoga studio, party room, sky lounge, pet spa and so much more! A key highlight to this family-friendly community that appeals to young professionals alike, is your most convenient location just steps to the beach, waterfront parks, urban amenities and transit. Hop in the car and you are just 1 minute to the QEW for easy access towards Toronto or Niagara.

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

Closing Costs

Mortgage Amount
$583,920
Land Transfer Taxes$11,073
Legal Fees (Est.)
$
Total cash required for closing$158,553

Total Monthly Obligation

$4,015/mo
Mortgage $2,944
Monthly Loss $3,240
Principal$775
Interest$2,169
Property Tax$412
Condo Fees$459
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.5%23
Cash-on-Cash
-6.0%2
5-Year IRR
11.0%42
10-Year IRR
11.4%
Returns Index
22.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$43,044/yr
NOI
$25,896/yr
Net Cash Flow
-$786/mo
Cash Margin
-21.9%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7311
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
22.5/ 100

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

Comparables

Properties near 58 Windward Drive

Time

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