515 Winston Road 15, Grimsby

$584,900
515 Winston Road 15

$584,900

New
28d
Att/Row/Townhouse3-Storey

515 Winston Road 15, Grimsby

Total Monthly Obligation $3,058

Beds
3
Baths
2
Park
1
Sqft
1100-1500
DOM
28d
Score
20
Yield
5.2%
Cash on Cash
-1.9%
Cap Rate
4.2%
5Y IRR
14.0%
10Y IRR
13.4%
Property Type-Att/Row/Townhouse
MLS® Number-X13827686
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-21.04 × 40.7 ft
Listed on site-Sep 25, 2026
Style-3-Storey
Building Type-Att/Row/Townhouse
Taxes-$3,882 (2026)
Parking-2 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-540 - Grimsby Beach
Title-Residential Freehold

No agent assigned

This is the kind of neighbourhood where an ordinary evening can turn into a walk along the beach, dinner at a local restaurant you'll soon know everyone by name, or a bike ride along the lake. Tucked into a quiet pocket where traffic is mostly local and kids can still play outside, life here feels slower and more connected-more cottage town than suburb.Keep the bikes, beach gear and outdoor equipment ready by the spacious front entrance or in the private garage, and you can be outside and active whenever the mood strikes. Fifty Point Conservation Area is close, offering trails, a beach, marina and plenty of space to explore, while Niagara wine country puts memorable afternoons and spontaneous date nights within easy reach.At home, the open-concept living space makes it easy to cook, gather and unwind, while the private balcony becomes your spot for summer dinners, morning coffee and evening drinks. And when real life calls, big-box shopping and everyday essentials are only 5-10 minutes away, with the QEW close by. Come experience the lifestyle for yourself.

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

Closing Costs

Mortgage Amount
$467,920
Land Transfer Taxes$8,173
Legal Fees (Est.)
$
Total cash required for closing$126,653

Total Monthly Obligation

$3,058/mo
Mortgage $2,359
Monthly Loss $2,437
Principal$621
Interest$1,738
Property Tax$324
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.2%1
5-Year IRR
10.0%35
10-Year IRR
10.6%
Returns Index
18.7/ 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
$30,684/yr
NOI
$19,234/yr
Net Cash Flow
-$757/mo
Cash Margin
-29.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo53
Risk Index
26.8/ 100

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

Comparables

Properties near 515 Winston Road 15

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.

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Data last updated within the past 24 hours.