55 Kerman Avenue 47, Grimsby

$519,900
55 Kerman Avenue 47

$519,900

New
27d
Condo Townhouse2-Storey

55 Kerman Avenue 47, Grimsby

Total Monthly Obligation $2,951

Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
27d
Score
22
Yield
6.2%
Cash on Cash
-0.7%
Cap Rate
4.4%
5Y IRR
15.0%
10Y IRR
14.2%
Property Type-Condo Townhouse
MLS® Number-X13832312
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 26, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$2,982.76 (2026)
Maintenance-$405/mo
Locker-None
Parking-1 - None
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric, Living Room
Pool-None
Exterior-Vinyl Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-15 Days
Neighbourhood-541 - Grimsby West
Title-Residential Condo & Other

No agent assigned

Welcome to 55 Kerman Ave, Unit #47, a well-maintained 3-bedroom condo townhome offering a functional layout and comfortable living space in a convenient location. The main floor features a bright living room with an electric fireplace, a separate dining area, and a well-appointed kitchen with cabinetry installed in 2017. Ceramic and engineered flooring throughout the main level adds durability and easy maintenance. A convenient 2-piece powder room completes the main floor.Upstairs, you'll find three bedrooms, including a spacious primary bedroom with access to a 4-piece bathroom. The bathroom can be accessed directly from the primary bedroom as well as from the hallway, providing convenient access for the additional bedrooms. Brand new carpeting throughout the upper level. The finished basement offers additional living space with engineered flooring and can be used as a recreation room, home office, gym, or additional storage.Freshly painted throughout, this home is move-in ready. Enjoy the convenience of designated Parking Spot #47, along with visitor parking for guests. The condo fees include lawn care, snow removal, windows, doors, front door, deck, roof, soffit, fascia, eavestroughs, and siding, providing added convenience and peace of mind.Located close to a variety of amenities, shopping, dining, schools, parks, public transit, and major transportation routes, this home offers a great combination of comfort, convenience, and low-maintenance living.

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

Closing Costs

Mortgage Amount
$415,920
Land Transfer Taxes$6,873
Legal Fees (Est.)
$
Total cash required for closing$112,353

Total Monthly Obligation

$2,951/mo
Mortgage $2,097
Monthly Loss $2,399
Principal$552
Interest$1,545
Property Tax$249
Condo Fees$405
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%24
Cash-on-Cash
-5.6%2
5-Year IRR
11.4%45
10-Year IRR
11.7%
Returns Index
23.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$32,448/yr
NOI
$18,960/yr
Net Cash Flow
-$517/mo
Cash Margin
-19.1%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo55
Risk Index
28.4/ 100

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

Comparables

Properties near 55 Kerman Avenue 47

Time

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