28 Robinson Street N 101, Grimsby

$525,000
28 Robinson Street N 101

$525,000

New
22d
Condo Apartment1 Storey/Apt

28 Robinson Street N 101, Grimsby

Total Monthly Obligation $3,322

HausQ Valuation Report
Beds
3
Baths
2
Park
1
Sqft
1400-1599
DOM
22d
Score
15
Yield
3.9%
Cash on Cash
-15.0%
Cap Rate
1.4%
5Y IRR
3.9%
10Y IRR
5.7%
Property Type-Condo Apartment
MLS® Number-X13851736
Beds-3
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 1, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,195 (2025)
Maintenance-$738.24/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Baseboard (Gas)
Brokerage-CENTURY 21 HERITAGE GROUP LTD.
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-Yes
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-542 - Grimsby East
Title-Residential Condo & Other

No agent assigned

Welcome to unit 101 at 28 Robinson St N conveniently located in the heart of Grimsby. This main floor unit is spotless and has been meticulously updated so consider it move-in ready! This is a large 3 bedroom (1bedroom currently used as a den), 1.5 bath apartment with a lovely outdoor terrace, tons of storage and a handy utility room off the foyer. The flooring is new, new interior doors, new kitchen island, backsplash & coutertops, new light fixtures including pot lighting, new California Shutters throughout and freshly painted. A new HVAC system has been installed in 2026. It is walking distance to most shops, dining, and other amenities in town. The newly built West Lincoln Memorial Hospital is minutes away. One exclusive parking space is located in the underground garage along with a private storage unit. Don't wait to book your private viewing.

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Closing Costs

Mortgage Amount
$420,000
Land Transfer Taxes$6,975
Legal Fees (Est.)
$
Total cash required for closing$113,475

Total Monthly Obligation

$3,322/mo
Mortgage $2,118
Monthly Loss $2,765
Principal$557
Interest$1,560
Property Tax$266
Condo Fees$738
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
0.7%7
Cash-on-Cash
-19.1%0
5-Year IRR
1.1%4
10-Year IRR
4.1%
Returns Index
2.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$20,400/yr
NOI
$3,906/yr
Net Cash Flow
-$1,792/mo
Cash Margin
-105.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.151
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
22.7/ 100

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

Comparables

Properties near 28 Robinson Street N 101

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.