16 Concord Place 145, Grimsby

$429,900
16 Concord Place 145

$429,900

New
21d
Condo Apartment1 Storey/Apt

16 Concord Place 145, Grimsby

Total Monthly Obligation $2,697

Bed+Den
2+1
Baths
1
Park
1
Sqft
700-799
DOM
21d
Score
19
Yield
6.0%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Condo Apartment
MLS® Number-X13857726
Bed+Den-2+1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 2, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-6-10
Taxes-$3,000 (2025)
Maintenance-$512.87/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Stucco (Plaster)
Possession-Flexible
Neighbourhood-540 - Grimsby Beach
Title-Residential Condo & Other

No agent assigned

Welcome to 16 Concord Place, one of the most sought-after destinations in Grimsby On The Lake! This luxury 1 Bedroom + Den, main floor unit in the coveted AquaZul development, leaves a lasting impression and confidently displays pride of ownership! Featuring an open concept layout, the interior of this suite provides a custom mirrored wall in the Kitchen, beautiful Quartz counter tops with Breakfast Bar, wide plank Flooring, floor to ceiling Windows, large walk-in Closet & Ensuite privilege! Enjoy the added ease of having in-suite Laundry and relaxing or entertaining on your massive walkout Terrace, allowing quick access to the walking Path and Pool! Complete with a full 4-piece Bathroom and Pot lighting throughout, this unit is move in ready! Be a part of this fabulous community and enjoy the full resort style inspired amenities of Party room, Games & Media room, full Gym with stunning Lake views, a storage Locker, and underground Parking. Sit back, relax, and entertain in the Courtyard offering BBQ's, outdoor Pool & Lounge area. Take advantage of this great location that puts you just steps from trendy Restaurants, Cafes, Boutique Shopping, walking Trails, and easy access to the QEW; ideal for commuters and weekend adventurers alike!

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$
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$343,920
Land Transfer Taxes$5,073
Legal Fees (Est.)
$
Total cash required for closing$92,553

Total Monthly Obligation

$2,697/mo
Mortgage $1,734
Monthly Loss $2,241
Principal$456
Interest$1,278
Property Tax$250
Condo Fees$513
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.1%1
5-Year IRR
8.0%23
10-Year IRR
9.2%
Returns Index
12.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$25,632/yr
NOI
$11,514/yr
Net Cash Flow
-$775/mo
Cash Margin
-36.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
28.4/ 100

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

Comparables

Properties near 16 Concord Place 145

Time

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Data last updated within the past 24 hours.