38 Udell Way, Grimsby

$809,000
38 Udell Way

$809,000

Price Change
29d
Detached2-Storey

38 Udell Way, Grimsby

Total Monthly Obligation $4,109

Beds
3
Baths
4
Park
4
Sqft
1500-2000
DOM
29d
Score
18
Yield
4.7%
Cash on Cash
-4.0%
Cap Rate
3.7%
5Y IRR
12.4%
10Y IRR
12.1%
Property Type-Detached
MLS® Number-X13829572
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-42.65 × 102.03 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$5,647 (2025)
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-M. Marel Real Estate (1983) Inc
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-542 - Grimsby East
Title-Residential Freehold

No agent assigned

Escarpment views out back, a heated double garage out front, and plenty of beautifully finished living space in between. This Grimsby home offers a spacious, open layout designed for both everyday living and entertaining. Oak hardwood and tile run throughout the main living areas, while the kitchen features quartz countertops and flows easily into the living and dining spaces.Rather than sacrificing room size for bedroom count, the upper level features three impressively sized bedrooms, including a spacious primary with private ensuite. With two full bathrooms and two powder rooms throughout the home, there's plenty of convenience for a busy household.Downstairs, the finished basement adds even more living space with a large rec room that can easily become a movie room, kids' hangout, home gym or office.Out back, the deck and gazebo create a great outdoor living space, complete with built-in lighting and a ceiling fan, all with the Escarpment as the backdrop. The heated two-car garage adds comfortable year-round parking plus valuable storage.Tucked into a quiet, family friendly neighbourhood with parks, top rated schools and shopping nearby, plus quick access to the QEW, this is a home that gives you space where it matters, inside and out

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$647,200
Land Transfer Taxes$12,655
Legal Fees (Est.)
$
Total cash required for closing$175,955

Total Monthly Obligation

$4,109/mo
Mortgage $3,263
Monthly Loss $3,250
Principal$859
Interest$2,405
Property Tax$471
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.5%1
5-Year IRR
8.9%29
10-Year IRR
9.8%
Returns Index
15.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$38,400/yr
NOI
$24,413/yr
Net Cash Flow
-$1,229/mo
Cash Margin
-38.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.628
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo37
Risk Index
21.0/ 100

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

Comparables

Properties near 38 Udell Way

Time

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