18 HEATHCOTE Court, Grimsby

$1,149,000
18 HEATHCOTE Court

$1,149,000

New
28d
DetachedBungalow

18 HEATHCOTE Court, Grimsby

Total Monthly Obligation $5,628

Beds
3
Baths
2
Park
4
Sqft
1500-2000
DOM
28d
Score
14
Yield
2.9%
Cash on Cash
-11.7%
Cap Rate
2.1%
5Y IRR
6.4%
10Y IRR
7.5%
Property Type-Detached
MLS® Number-X13830566
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-49.21 × 143 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$7,415.84 (2026)
Parking-6 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX GARDEN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-None
Facing-South
Exterior-Brick Veneer, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-542 - Grimsby East
Title-Residential Freehold

No agent assigned

EXQUISITE 3-BEDROOM BUNGALOW over 1700SQFT backing onto picturesque escarpment on quiet upscale court, adjacent to community park with access to Bruce Trail. This bright & spacious bungalow was quality-built with dramatic, open-concept design & high ceilings. Main floor family room with gas fireplace & large windows overlooking the magnificent woodland setting. Gourmet kitchen with abundant cabinetry, top-of-the-line appliances, granite counters & sliding doors leading to backyard retreat with expansive decking, patios, retractable awning, hot tub, custom garden shed, private serene surroundings. Formal dining room. Luxurious, primary bedroom with garden and escarpment views, spa-like ensuite bath & walk-in closet. OTHER FEATURES INCLUDE: Main floor laundry room with washer/dryer, gas fireplace, carpet-free home, 2 updated baths, c/air, c/vac, hot tub, charming shed, garage door opener, retractable awning, sprinkler system, fully-fenced yard. Custom window treatments. Open staircase to unspoiled full basement with high ceilings. Oversized 2-car garage with 2-storey ceiling. Walking distance to parks, hospital, schools, all amenities & only a few minutes to QEW access. A fabulous home with nature at your doorstep & amazing forest views in every season!

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

Closing Costs

Mortgage Amount
$919,200
Land Transfer Taxes$19,455
Legal Fees (Est.)
$
Total cash required for closing$250,755

Total Monthly Obligation

$5,628/mo
Mortgage $4,635
Monthly Loss $4,408
Principal$1,220
Interest$3,415
Property Tax$618
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.1%0
5-Year IRR
3.8%8
10-Year IRR
5.8%
Returns Index
5.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$33,600/yr
NOI
$18,324/yr
Net Cash Flow
-$3,108/mo
Cash Margin
-111.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.332
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo27
Risk Index
15.8/ 100

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

Comparables

Properties near 18 HEATHCOTE Court

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